• Categories
  • Archives

Lula Has a Word to Describe Brazil 2010: Extraordinary

Fireworks in Copacabana for New Year's Talking about the measures announced last week by his government's economic team, Brazilian president Luiz Inácio Lula da Silva said this Monday, December 14, that Brazil is going to have an "extraordinary" 2010.

He called attention to the fact that in December 2008, he called on the population to increase consumption, and that now the country finds itself in a more comfortable position.

"The economy is already growing in a more reasonable manner, and what we did was to announce measures in order to ensure that the economy will grow very strongly in 2010," said Lula while announcing the allocation of 80 billion Brazilian reais (US$ 45.6 billion) for the Brazilian Development Bank (BNDES) to provide financing.

"If needed, we are going to make another 20 billion reais (US$ 11.4 billion) available to finance (the Brazilian state-controlled oil and gas multinational) Petrobras in pre-salt oil exploration," he added.

On his weekly radio show, Breakfast with the President, Lula claimed that the decision of extending until June 2010 the tariff reductions for sectors such as the so-called white line appliances is meant to encourage the population to continue buying, as well as to foster production.

"Aside from continuing to encourage consumption, we are encouraging investment and companies to hire more workers. We are complementing what we did last year."

Another objective, according to the president, was to enable the private financial sector, which usually does not loan money on a long term basis, to start doing so. To Lula, the measure paves the way for "competition" with the BNDES.

ABr

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil: Mr. Lula Never Goes to Washington

Brazilian President’s trip to India has been marked with the usual speeches about the ...

Brazil: Five Landless Dead in Attack by Hooded Gunmen

An attack on an MST (Landless Rural Workers’ Movement) campsite in Minas, Gerais state, ...

Those Who Ordered the Murders in Brazil Must Be Punished, Says Political Scientist

An aggressive campaign against crime, a crackdown on criminals and a program to put ...

Business Climate Getting Warmer in Brazil

Latinamerica business climate remained favorable in July and reached its highest level since April ...

US Group Asks for a Halt to Brazil’s “State-Sponsored Piracy”

The American group Defenders of Property Rights (DPR) today called on the Office of ...

Lula Warns Brazilians of Tough and Worrisome Times Ahead

Luiz Inácio Lula da Silva, the president of Brazil, warned his fellow citizens of ...

Brazil’s Petrobras Told to Invest to Reduce Dependence on Bolivian Gas

The Brazilian government’s central policy group has ordered Petrobras, the country’s state-run oil giant, ...

Once World’s Top Rubber Producer, Brazil Imports the Product Today

The Brazilian production of rubber increased 233% in the last 12 years. The internal ...

Brazil Embraer's Super Tucano

Brazilian Military Getting Ready for Vietnam-style US Invasion

South American societies are militarizing as a result of the regional superpower’s intervention, which ...