Lula Pats Himself on the Back for Brazil’s Booming Economy

On his fortnightly radio program, Brazilian President Luiz Inácio Lula da Silva commented on Brazil’s strong economic performance. The Brazilian leader cited GDP growth of 1.4% in the second quarter.

“We are going through a good moment economically. In spite of political turbulence everyone is aware of the necessity of a solid economy because it benefits every one of Brazil’s 186 million people,” said Lula, on the “Breakfast with the President” program.


The presidential radio program will be weekly from now on. It is broadcast on Monday on Radiobrás’ Radio Nacional AM at 6:00. 7:00, 8:00 am and 1:00 pm.


Lula also cited foreign trade, where the surplus has been growing almost 30% a year. He praised the strong surge in the surplus since May, pointing out that it has gone from less than US$ 10 billion to US$ 11.34 billion in just four months.


“That shows that it was worthwhile to go abroad and advertise our goods,” he said, adding that Brazilian businessmen have to travel more and meet with foreign business leaders, even inviting them to Brazil.


The President said that strength in the export sector meant more output, jobs, business and a better distribution of income.


“Purchasing power for low-income families has increased. A year ago a worker paid 67% of a minimum wage to buy a basic needs basket; today he can buy one for 54% of a minimum wage. We have got inflation under control and, most important, new jobs are being created,” he said.


As for social assistance, Lula said the Bolsa Famí­lia program and literacy courses are now reaching 8.7 million people.


Agência Brasil

Tags:

Ads

You May Also Like

Assessing the Damage: More On the Way?

Although a definitive piece of evidence against President Fernando Henrique Cardoso has yet to ...

Brazil Has 60,000 in Line for a Transplant

Brazilians will be commemorating National Organ Donation Day on September 27. Brazil currently has ...

Brazil’s Lula Tells Military Not to Fear Witch Hunt But Yields to Their Pressure

He’s not promoting a “witch hunt” said the president of Brazil, Luiz Inácio Lula ...

If You Refuse DNA Test, You’re the Father in Brazil

The Brazilian justice is now taking  no for an answer. All men refusing to ...

Brazil’s Steelmaker Gerdau Counting on World’s Growing Steel Hunger

According to information supplied by the president and CEO at Brazilian steel-maker company Gerdau, ...

Paraguay Warns Against Provocation While Brazil Plays War Games at the Border

War exercises by the Brazilian military along the border of Brazil with Paraguay are ...

Brazil’s Has World’s Most Expensive Currency, 149% Overvalued, Says The Economist

The Brazilian real is the world’s most expensive currency and is 149% overvalued against ...

Brazil: Despite Crisis Lula’s Popularity Reaches Record High: 84%

Luiz Inácio Lula da Silva, the president of Brazil, had a stunning 84% approval ...

Heavy Hand

The U. S.’ intervention in Colombian-Brazilian bilateral relations follows the election of a left-wing ...

Lula’s Defeat in Congress Should Delay Brazil’s Reforms

Latin American shares again turned to the upside, following weakness in the previous session ...