The Brazilian president will announce new economic measures after his visit to China. These policies will seek to alleviate the country’s fiscal concerns.
He brazilian president, Luiz Inacio “Lula” da Silva, has yet to reveal the proposal for new fiscal rules to alleviate the country’s economy. The measures were expected to be announced this week, but finally, it will be after he returns from his scheduled visit to Chinawhich will be of March 26 to 30.
In an interview, Lula said that the fiscal framework “is already mature”, but that there is no point in announcing it and then going on a trip. In addition, he assured that the decision will require “debate and talk” about the framework in the country.
The measures are expected to alleviate the tax concerns after Lula obtained the approval of the Congress for a package of several billion reais that circumvents the constitutional spending ceiling to increase social spending and thus fulfill campaign promises.
“I have been calling attention to the fact that we have to do things very carefully, because there cannot be a lack of resources for education and health“, said Lula, stressing that during the trip he will discuss the issue with his Finance Minister, fernando haddad.