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Your email address will not be published.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

Amnesty Calls for and End to Brazil’s Big Skull Military Van

Police officers in Rio de Janeiro must stop using military-style armored vehicles to indiscriminately ...

Field of Dreams

A visit to a settlement of landless farmers near Porto Alegre, capital of the ...

Promoting in Brazil Middle East’s Way of Prophet Abraham

Some of the objectives of the "Abraham Path Initiative" are promoting cultural exchange and ...

A samba school parades in Rio's Sambódromo, in Brazil

Brazil’s Carnaval Coming Live to Your Computer Directly from Rio

Those all over the world who love Brazilian Carnaval will have a chance this ...

LETTERS

Since the last census in 1991, the population of Brazil has increased by 1.6 ...

Fearing Inflation, Brazil Raises Interest Rates to 17.75%

Inflation Brazilian markets ended modestly higher, helped by some modest gains on Wall Street. ...

Promises Not Kept

It didn’t take long. The PT is in crisis having failed in its role ...

Brazilian Small Oil Equipment Companies Get a Chance to Export

Micro and small companies in Brazil linked to the oil and gas sectors, which ...

Will Brazilians Elect a Pro-Bolivarian Former Terrorist as President?

Bearing in mind that the dominant species of our planet consists of blemished human ...

Brazil’s Samba Clubs Learn How to Draw Tourist Crowds

São Paulo state Carnaval samba schools have managed to increase their profits and to ...