Serra Still in Lead of Brazil’s Presidential Race Despite Lula’s Opposition

Lula at Labor Day rallyDilma Rousseff, presidential candidate of Brazil’s ruling coalition will continue with the current economic policies of the Lula administration boosting the role of state corporations if successful in the coming October election, said José Eduardo Dutra, president of the Workers’ Party.

Dutra also discarded any major budget cuts or direct intervention in the exchange market with the purpose of having a targeted rate for the real, if Dilma Rousseff becomes Brazil’s first woman president.

Government finances will be closely monitored, but the budget is not one of the main issues of the Brazilian economy, added Dutra, a former chairman of the government managed oil corporation Petrobras, who left the job last February to take over as president of the Workers’ Party and be fully involved in the electoral campaign.

During this year’s first quarter, Brazil recorded its largest consolidated primary budget deficit in eight years because of a considerable increase in social security layouts and government spending.

The primary budget surplus is closely monitored by foreign investors because it is considered a most valuable indicator to gauge the capacity of a government to honor sovereign debt.

Ms. Rousseff’s main rival, former governor of the state of São Paulo, Brazil’s power house, belonging to the opposition Brazilian Social Democratic Party (PSDB) has promised fiscal austerity and greater government efficiency in managing public investment and infrastructure financing.

José Serra – according to the latest public opinion polls released by the local media – leads comfortably in vote intention with a ten points lead over Ms. Rousseff.

Meanwhile, an opposition party presented yet another claim before an electoral court accusing President Lula of “advancing” the October presidential campaign, which by law, should start only in July, to bolster Ms. Rousseff.

The claim was presented by the Democrats Party and refers to a recent political rally organized by the Unified Workers’ Central (Central Única dos Trabalhadores, CUT) during the celebration last Saturday of International Workers’ Day.

At the rally, President Lula made a brief review of his almost eight-year administration and progress achieved by the working classes, adding this would only be continued if his work “has a sequence”.

“Dilma have your heard what I said? Sequence, Dilma”, said Lula from the stage according to the claim presented before the court, which means “the president made of Workers Day, in an electoral year, a political rally in support of candidate Rousseff.”

Lula has been fined twice for similar interventions earlier this year by electoral officials and another four claims are waiting for a judgement. Brazilian president attorneys have appealed all rulings.

Mercopress

Tags:

Ads

You May Also Like

Not Taking It Anymore

Angry citizens were deciding to express frustrations and demand accountability. A growing Carioca constituency ...

Brazil’s Furniture Industry Counting on Strong Dollar to Weather Crisis

To invest in design and new markets is the best strategy for furniture producers ...

Brazil to Map Invasive Aliens Such as Wild Boars and Snails

Brazil’s First Symposium on Exotic Species began Tuesday, October 4, and will run until ...

Chavez Spreads Petrodollars Throughout Brazil and South America to Fend US Invasion

Venezuelan president Hugo Chavez arrived late Tuesday night, August 9, in Montevideo, capital of Uruguay, as ...

Who Will Be the Anti-Lula in Brazil?

So much for the holiday period.  Over the last month there has been plenty ...

Brazil Shows the Winners of Low Cost Housing Competition

Sponsored by the Institute of Architects of Brazil (IAB) and the Society of Housing ...

Brazil Finds Clients for Its Expensive Toy Cars in Qatar

Fapinha, a Brazilian maker of mini vehicles for children, is going to export 150 ...

Banco do Brasil Earns More Than Brazil’s Largest Private Bank

Brazilian state-controlled Banco do Brasil had revenues of US$ 1.8 billion in the first ...

Brazil on a Roll: 5% Growth in 2010 and 5th Largest Economy by 2016

The Brazilian government is considering extending stimulus tax cuts on home appliances even as ...

Brazil 3-0 Soccer Loss to Argentina in Beijing Drives President Lula Mad

The president of Brazil, Luiz Inácio Lula da Silva criticized sharply the spirit of ...