Don't Cut Money From the Poor: Lula Discards Adjustment and Holds Bet Against Public Debt

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Lula responds about increasing public debt The president and candidate for re-election Luiz Inácio Lula da Silva (PT) said, in an interview with Globo on Thursday (15), that he is concerned about the growth of public debt and defended that the solution to the Brazilian fiscal problem is to stimulate the growth of the economy, instead of cutting expenses that affect the poorest population. Do you think I'm not worried? I'm worried. I created a fa…

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Lula is right. To improve the ratio of public debt to GDP (gross domestic product) there is only one way: economic growth. And to grow, the state needs to take the initiative and substantially improve the living conditions of the people. Starting with the real increase of the minimum wage, at least, until it is able to sustain half [...] The post For Lula, debt solution only with economic growth appeared first in People's Hour.

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Candidate for re-election says he is worried about the debt, but does not present goal or cut of expenses during the interview. Interest already consume 8.8% of GDP The post "Don't cut money from the poor": Lula discards adjustment and keeps bet against the public debt apareceu primeiro em ND More

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President Luiz Inácio Lula da Silva (PT) said he does not intend to adopt a policy of spending cuts to face the fiscal challenges of the country in a possible new mandate. In an interview with TV Globo on Thursday, the petist defended that economic growth, and not the reduction of expenses, is the main tool [...]