Lula Defends Fiscal Management and Rules Out Cuts to Low-Income Groups
President claims the administration maintains budget responsibility while prioritizing social policies despite pressure from financial markets.
President Luiz Inácio Lula da Silva pushed back against criticism regarding the management of public accounts during a meeting of the National Energy Policy Council. He stated that his economic team is working rigorously to maintain fiscal balance. The president highlighted that the government carries out constant internal adjustments to ensure the budget remains viable.
Lula emphasized that austerity measures will not fall on the low-income population. The president declared that the executive branch will not impose sacrifices on the poorest classes. He argued that it is possible to reconcile a budget surplus with the maintenance of social programs and real increases in the minimum wage.
The head of the executive branch questioned the financial system's demands regarding fiscal results. He argued that the government is delivering what is possible within current limitations. The president also compared Brazil's public debt to that of nations like the United States and Japan to support his view of economic seriousness.
The government seeks to consolidate a sustainable development plan to present at international forums. Lula stated that he intends to closely monitor the execution of projects and delivery deadlines for his administration. The stated goal is to elevate the country's status without relying on external influences.
Spotted an error? Write to suporte@criptoico.com.br.