This initiative is linked to Lula’s decision by Sign up public finances since the end of last year, after some operators will be disappointedsince they were looking for signs that the government moved to put an end to deficits budgetary and public debt.
The commitment is aligned to a greater skepticism by investorsfact that could increase the Brazilian economy for good. However, the main objective continues to be that vulnerable sectors are not harmed.
What Fernando Haddad said on Lula’s request
The Minister of Finanza expressed Lula’s request during an act made by BTG Pactual in San Pablo. There he said: “Brazil without economic growth, will not be able to balance your public accounts”.
“The order I receive from the president is order and balance public accounts Without harming the poor, “explained the economist.
These decisions also go hand in hand with a decline in the approval of the center -left leadera fact that generated many concerns in Brazil’s ruling. It also sowed the uncertainty in investorsbut the lula solution is balance.
In addition to this, the president announced measures where the access to credits and the Social programs In recent weeks.
The real fell to 0.7% against the dollar last Saturday morning before cutting losses, with a lower performance than their counterparts from Latin America.
Thus, the Haddad Economic Team The objective of eliminate fiscal deficit Primary of Brazil, excluding interest payment. The measure will be taken with a tolerance range of more or less 0.25% of GDP.
Lula warns that global inflation could rise through Trump’s tariffs
Brazil’s president said Tariffs of the president of the United States, Donald Trump, should cause greater inflation and criticized the commercial policies of the Republican, which he considered incorrect.
In a radio interview, Lula reiterated that there would be reciprocity if Trump applies tariffs to the largest economy in Latin America. “That could upload inflation worldwide”Said the leftist leader.
It should be noted that, on February 10 Trump signed two executive orders to impose 25% tariff leaflets on aluminum and steel imports, without exceptions. Brazil is one of the most affected countries being one of the three largest US steel suppliers.
“If Brazilian steel taxes, we will react commercially or denounce before the World Trade Organization or we will tax the products that we import from them, “said the president Luiz Inacio Lula da Silva In an interview with the Radio Local Clube de Paraá.
Brazil imports a lot of manufactured goods produced in the United States from steelsuch as industrial machinery, car engines and parts for the aeronautical industry.
Source: Ambito
