Brazil Never Saw Such Promising Economy, Says Lula

Brazzil Magazine covers

Brazilian President Luiz Inácio Lula da Silva praised the government’s economic policy. In a press conference, today, with nine radio stations in Brazil, he declared that "our government’s economic policy has been very successful."

According to Lula, the country has never witnessed such a promising economic situation. He affirmed that everything will improve "when interest rates show signs of falling."

Lula recalled that, in the three years since he took office, 3.7 million jobs have been created, and exports and domestic savings have grown.

Lula pointed out that his commitment "is not to the upcoming elections" but to the next generation, and that fiscal adjustment is necessary for the country.

"We are undertaking the fiscal adjustment as a matter of responsibility. A good leader treats his country’s financial matters the way he treats his domestic finances, with great responsibility," he said.

In his view, the project to integrate the São Francisco River with the river basins of the northern part of the Northeast is "necessary." He emphasized that the government’s priority in the project is to revitalize the river.

The president recalled that the project envisions withdrawing only 1% of the river’s water volume to be redirected to 12 million residents of the northeastern semi-arid region.

Agência Brasil

Tags:

You May Also Like

Brazzil Magazine covers

Brazil Government Debt Stable at 51.7% of GDP

Brazil’s net government debt remained stable in March at US$ 481.83 billion (R$ 1.021 ...

Brazzil Magazine covers

Beer at Stadiums for 2014 World Cup? It’s Illegal, FIFA Wants It. Brazil Is Divided

While the World Cup gets nearer and nearer, the dispute between the Brazilian government ...

Brazzil Magazine covers

Brazil Calls Bolivia’s Oil Nationalization Unilateral and Unfriendly

With the words, "Considering that, through historical struggles at the cost of much bloodshed, ...

Brazzil Magazine covers

Cheaper Alcohol in Brazil Brings Biggest Deflation in 8 Years

The Broad Consumer Price Index (IPCA) registered a deflation of 0.21% in June, compared ...

Brazzil Magazine covers

How Brazil’s Ethanol Can Move the World and Clean the Air

Clean burning, renewable energy promises to fuel globalization’s potential to propel human development and ...

Brazzil Magazine covers

Brazil Creates a Quarter of a Million Jobs This Year

In February, 148,019 formal jobs were created in Brazil, according to a report published ...