"Lula governed with fiscal balance, a primary surplus, and attention to social policies," recalls Paulo Pimenta.
On Thursday, the market reacted negatively to Lula's speech about fiscal responsibility. Pimenta says the new government will guarantee "control of spending, low inflation and low interest rates."
247 - Federal deputy Paulo Pimenta (PT-RS) spoke out on Twitter this Friday (11) about the economic directions that the new Lula (PT) government should take.
On Thursday (10) the market reacted negatively to a statement by Lula, who spoke with some disdain regarding 'so-called fiscal responsibility'. The Stock Exchange registered a drop of 3,35% and the dollar rose by 4,08%.
>>> Lula should not miss the opportunity offered to him by the so-called 'markets'.
Pimenta described the market's reaction as "disproportionate" and said that the new government is committed to controlling spending and inflation, and maintaining low interest rates. "I consider the reaction of the 'market' and its representatives disproportionate. Lula has always governed with fiscal balance, with a primary surplus, and even then with attention to social policies and important investments in the country's infrastructure. It will be no different now. Controlling spending, low inflation, and low interest rates are everyone's objectives. Stability generates credibility, attracts investors, and leverages development. Lula's social commitments are not obstacles to this, quite the contrary."
"It is perfectly possible to combat hunger, resume stalled projects, replenish the health and education budget, and invest in housing and infrastructure without compromising economic stability. We are being clear and transparent, and this allows for predictability and planning. Brazil will grow again, and we will have a revenue surplus with the resumption of investments in public infrastructure projects and resources for housing. All with transparency and credibility, with pre-defined resources and clear objectives foreseen in the budget," he concluded.
He also highlighted that the Bolsa Família program of R$ 600, orchestrated by the new government through a Constitutional Amendment to be approved this year in the National Congress, will boost the domestic economy. "The Bolsa Família program of R$ 600 plus R$ 150 per child up to 6 years old injects R$ 170 billion into the economy, which has a significant multiplier effect and immediate results in commerce, especially in food, with a strong positive impact on important sectors of industry."
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