Brazil's Lula says public debt is not a concern in a potential new term
Lula said economic growth and a primary surplus will help reduce debt as a share of GDP, even as gross debt reached 81.9% in June.
- On Thursday, President Luiz Inacio Lula said Brazil's public debt trajectory is not a concern for his potential new term, arguing the fiscal scenario has improved since he took office in 2023.
- Brazil's gross debt reached 81.9% of GDP in June, an increase of over 10 percentage points since Lula's term began; he blamed part of this rise on the benchmark interest rate, currently at 14%.
- Economic growth will help reduce public debt as a share of GDP, Lula stated during an interview with Globo's Jornal Nacional, while the government remains on track to achieve a primary surplus this year.
- The President also addressed allegations against his son, Fabio Luis Lula, who is being investigated over suspicions of improperly helping a lobbyist in dealings with the health ministry.
- Lula stated that whoever commits mistakes will be held accountable, clarifying that Fabio Luis would be subject to the law if proven guilty, while claiming his son was innocent.
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President said the debt doesn't worry him on TV Globo's Sabbath
Brazil's Lula says public debt is not a concern in a potential new term
Brazil's President Luiz Inacio Lula da Silva said on Thursday that the trajectory of the country's public debt is not a concern for him in a potential new term, arguing the government's fiscal scenario has improved since he took office in 2023 and the country is on track to a primary surplus this year.
Forbes, the world's most well-conceived business and economic magazine. Brazil's gross debt has increased by more than 10 percentage points since Lula began her current term in January 2023, reaching 81.9% of GDP The post Lula Says that Public Debt Is Not Reason for Concern and Insurance Superavit This year appeared first in Forbes Brazil.
Brazilian President Luiz Inácio Lula da Silva (PT) said on Thursday (August 27, 2026) that Brazil's gross general government debt (DBGG) is "small" compared to other countries, such as the United States. The percentage reached 81.9% of the Gross Domestic Product in June, according to data from the National Treasury released in July. Lula, however, did not explain that in developed nations the infrastructure is already complete and interest rates…
Lula minimizes debt advance and resorts to Japan, Italy and the United States to justify Brazilian debt
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