UPDATE 1-Brazil framework is much bigger than changes in fiscal target, says ministry

(Adds further details from Tebet and context)

SAO PAULO, April 16 (Reuters) - Brazil's planning minister Simone Tebet said on Tuesday the country's framework for public accounts is "much bigger" than changes to fiscal targets.

The comments came on the back of negative market reaction to the relaxation of the primary result target for coming years.

On Monday, the government proposed a target of a zero primary deficit for 2025, in a reduction of the previously announced fiscal effort, which predicted a surplus of 0.5% of the Gross Domestic Product (GDP) in the next year.

The government also reduced the pace of adjustment of public accounts for the following years. The objective of achieving a primary surplus of 1% of GDP is now set for 2028, and no longer for 2026 as had been determined when the fiscal framework was initially presented.

The proposed changes met a negative reaction in the financial markets. The dollar reached its highest value against the real since March last year on Tuesday, due in part to pessimism regarding the country's fiscal scenario.

In an interview with local TV channel GloboNews, Tebet emphasized that the government intends to pursue the new zero deficit target despite the tolerance band of 0.25% of GDP for more or less foreseen in the fiscal framework, indicating that fiscal responsibility is still a "guideline" for economic policy.

"We will pursue the zero target, despite having a band of minus 0.25%, not only this year but also next year, ensuring that Brazil never goes into deficit again," she said.

(Reporting by Fernando Cardoso; writing by Steven Grattan)