Lula promises to abide by fiscal rules in an attempt to appease investors
2026-11-09 09:40:14
According to CoinMeta, Brazilian President Lula promised in his first television speech after winning his fourth term that he would maintain Brazil's public finances without abandoning social projects, aiming to reassure investors. He stated, "I am concerned about the trend of public debt and high interest rates. Therefore, I reiterate my commitment to fiscal responsibility, with the aim of ensuring the sustainability of social policies and promoting much-needed investment growth. All of this will be done while adhering to fiscal rules." Lula listed lowering interest rates as one of the main challenges ahead, saying that his government would create conditions to reduce borrowing costs and help boost investment in the country to over GDP. However, he did not provide details regarding spending cuts, revenue measures, or other steps his government might take to support the public accounts. These are key concerns for investors.
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Source:Jin10 Data
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