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Brazil’s Lula to Decide on Fiscal Measures After Foreign Trips, Finance Minister Says

Lula’s economic team wants a permanent rule after freezing R$13.65 billion in spending this year to steady markets and protect the 2027 budget target.

  • On Thursday, Finance Minister Dario Durigan met with President Luiz Inacio Lula da Silva to present fiscal proposals aimed at restoring market confidence amid rising public debt concerns.
  • Rapidly rising mandatory spending has pressured Brazil's gross debt to 82.9% of GDP under President Lula, forcing investors to demand higher risk premiums for government debt.
  • Brazil's central bank held the benchmark Selic rate at 13.75% on Wednesday after pausing its monetary easing cycle, while Durigan said "Interest rates are very high and very harmful to the economy and all sectors."
  • President Lula is expected to decide on fiscal measures after returning from Turkey and the Philippines on November 15, Durigan said, referring to "scenarios and proposals" to be presented.
  • The economic team aims to introduce policy adjustments soon for Congress to pass measures this year, seeking to avoid repeating the disappointment of late 2024's spending-control package.
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56 Articles

ObservadorObservador
Lean Right

Elections in Brazil - The Poor Voted in the Promise. The Rich Will Receive the Interest

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.

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news-pravda.comnews-pravda.com
Right

A sedative for the markets

A sedative for the marketsLula promises fiscal discipline, but investors are waiting for specificsIn Brazil, re-elected President Luiz Inacio Lula da Silva tried to ease the tension in the financial markets by delivering a televised address to the...

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BloombergBloomberg
Center

Lula Consults Mantega, Leftist Economists on Plans for New Term

·New York, United States
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Le DevoirLe Devoir
Center

"Chronicle" A Slip Has Arrived so Quickly

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 Rio TimesThe Rio Times
Lean Right

Brazil Weighs Lower Federal Spending Ceiling

Brazil's government is studying a change to its fiscal framework so that spending freezes would lower the federal ceiling in later years, with no decision yet.

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CartaCapitalCartaCapital
Left

After Meeting with Lula, Durigan Says It Is Necessary to Maintain Fiscal and Campaign Commitments

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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UOL broke the news in São Paulo, Brazil on Thursday, November 5, 2026.
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