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Brazil’s Lula to Decide on Fiscal Measures After Foreign Trips, Finance Minister Says
The proposal would make year-end freezes permanent and help the government meet its 2027 fiscal target, officials said.
- President Luiz Inacio Lula's government is studying a new fiscal rule to turn temporary spending freezes into lasting cuts, aiming to calm investors after recent market sell-offs.
- Brazil's gross debt rose to 82.9% of gross domestic product during Lula's current term, pushing investors to demand higher risk premiums for government debt.
- Minister Dario Durigan said the government must create conditions for borrowing costs to fall in a "sustainable and structural" manner, noting high interest rates harm all economic sectors.
- Following his return from an overseas trip later this month, President Lula is expected to decide on potential fiscal measures, Durigan said Thursday.
- The economic team plans to demonstrate fiscal discipline soon so Congress can pass measures this year, seeking to avoid market disappointment seen in late 2024.
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49 Articles
49 Articles
The result of the presidential election is a paradox that no speech of victory explains. The government that presents itself as that of the poor funds itself to pay interest to the rich.
·Lisboa, Portugal
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Lula Consults Mantega, Leftist Economists on Plans for New Term
·New York, United States
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A populist varnish of measures – in the positive sense of the term – shines the 583-page brick of the Minister of Finance.
·Montreal, Canada
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The minister met this Thursday with President Lula (PT), former ministers and economists to discuss the state of public accounts
·São Paulo, Brazil
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Brazil's Lula to decide on fiscal measures after foreign trips, finance ...
·London, United Kingdom
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Total News Sources49
Leaning Left2Leaning Right3Center4Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 22%
C 45%
R 33%
Factuality
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