Lula reinforces commitment to fiscal responsibility

O President of Brazil, Luiz Inácio Lula da Silva, reaffirmed the commitment to fiscal responsibility for the next term, although he avoided detailing adjustment measures.

“ I reaffirm my commitment to fiscal responsibility to enable sustainable social policies and the much-needed expansion of investment. All this effort will be made respecting the tax rules ", said in a video recorded almost eight minutes, released on Sunday night.

In his last public statements, Lula has insisted that the next government will maintain fiscal seriousness and order in public accounts.

The message seeks to calm the concern of the financial market, which reacted negatively to the victory of the progressive agent with a sharp fall of the São Paulo Stock Exchange, reflecting the preference of investors for the economic program of the defeated candidate, Flávio Bolsonaro.

Although he admitted that the trajectory of public debt and high interest rates are a cause for concern, he stated that one of the government’s main objectives is to raise investment in the country to more than 20% of Gross Domestic Product (GDP), “in partnership with the private sector.”.

To this end, he stated that “the conditions that will reduce interest rates” will be created, currently at 13.75% per year, pressed by the geopolitical scenario and inflation in Brazil, which is at 4.58% per year, above the ceiling of the target (3%, with a variation margin of 1.5 percentage points).

Even so, the person responsible stressed that he will keep the campaign promises, a set of measures that will require a great effort by the public sector, such as the elimination of taxes on food items, the purchase by the State of bank debts of families and the remission of debts of individual micro-entrepreneurs, among others.

In the message, the head of state mentioned the urgent need to debate a political reform and the judiciary, so that the Brazilian courts can regain credibility with “impartial, ethical and free judges of conflicts of interests and enrichment projects” personal.

The claim gained ground in Lula's speech before the first round of elections, when the Supreme Court was involved in a scandal due to the alleged connection of several judges with a banker who is in custody for suspicion of corruption.

The progressive leader, who will begin, on January 5, 2027, the fourth (non-consecutive) presidential term, took advantage to thank the support of more than 64 million votes that sealed the historic victory to rule Brazil.

In addition, he stated that he never escaped from compromises, criticism or struggle, an allusion to Flávio Bolsonaro, who left for the United States after his electoral defeat, at a time when he was under the scope of justice for suspected corruption.

“I never left my country. Brazil is no place for those who run away from their responsibilities ", declared the responsible.