Lula to Address Fiscal Adjustments and Public Accounts
President seeks to calm markets with promises of budgetary balance
President Luiz Inácio Lula da Silva will deliver an official address this Sunday. The goal is to discuss the economic landscape and present measures aimed at adjusting public accounts for the 2027 Budget.
The economic team is working on strategies to curb expenses and increase revenue. The government aims to secure cuts of at least 40 billion reais to meet established fiscal targets.
The speech intends to convey fiscal responsibility to investors and financial agents. The government states it will maintain its commitment to balanced accounts without abandoning campaign promises and social programs.
The president is also expected to express concern regarding the current level of debt and high interest rates. The intention is to create favorable conditions for lowering rates and stimulating public and private investment.
The guidelines were discussed with the Ministers of Finance and Planning. The final content of the text may still undergo changes before the official broadcast to the Brazilian people.
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