Politics · Brazil · 10 hrs ago
Lula Says He Would Protect Poor Brazilians in Any Fiscal Adjustment
Brazilian President Lula discussed the economy in a TV Globo interview as he campaigns for re-election.
He faces Flávio Bolsonaro in a runoff on 25 October, after Bolsonaro led the first round.
Lula said he would not cut money intended for poorer people to help balance public finances.
Economists and financial institutions say the next government may need an adjustment of up to R$400 billion from 2027 to stabilise public debt.
Lula argued that credit for families and small businesses can boost economic activity and that spending on productive infrastructure may justify borrowing.
The election runoff is the next major step, with Bolsonaro scheduled to be interviewed by Globo on 16 October.
Lula said he would not cut funds for poor Brazilians to balance public accounts.
He made the comments during a TV Globo interview with journalist Renata Lo Prete on Thursday, October 15.
Lula backed wider access to credit and support for small businesses to stimulate economic activity.
He said borrowing could be justified to fund productive infrastructure, while adding that he did not want public debt to grow.
Economists and financial institutions cited in Exame estimate Brazil may need fiscal measures of up to 4% of GDP, or about R$400 billion, from 2027 to stabilize public debt.
- Who
- President and re-election candidate Luiz Inácio Lula da Silva.
- What
- He said he would not cut funds for poor people to make a fiscal adjustment.
- When
- Thursday, October 15, 2026.
- Where
- In a TV Globo interview with journalist Renata Lo Prete.
- Why
- He argued that supporting low-income people, small businesses and consumption can stimulate economic activity.
Lula
Economists and financial institutions
Fiscal adjustment
Lula
He said he would not cut resources for poor Brazilians and argued for supporting small businesses and household purchasing power.
Economists and financial institutions
They estimate Brazil will need fiscal measures of up to 4% of GDP, about R$400 billion, from 2027 to stabilize public debt.
Public debt
Lula
He said he did not want debt to grow, but borrowing could be justified for productive infrastructure investments.
Economists and financial institutions
They favor spending restraint and a review of tax benefits to stabilize the debt.
Lula gave a TV Globo interview with journalist Renata Lo Prete and discussed fiscal policy.
Economists and financial institutions estimate Brazil will need fiscal measures to stabilize public debt.
- Fiscal measures
- Up to 4% of GDP, about R$400 billion
- Proposed start
- 2027
- Interview outlet
- TV Globo
- Interviewer
- Renata Lo Prete
- Lula's stated position
- He would not cut funds for poor Brazilians to balance public accounts.
3 sources
What people are saying
Eu estou propondo não cortar dinheiro do pobre
O dinheiro na mão de pouco é pobreza, e pouco dinheiro na mão de muitos é riqueza.
Eu não quero que a dívida cresça.