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BRAZIL: President Lula Says No New Fiscal Measures

BRAZIL
BulletEM BulletEmerging Market News
  • *Lula Says No New Fiscal Measures (BBG)
  • President Lula continues to make comments and in particular says that he wants to deliver the best fiscal result possible for the country, and that a fiscal deficit of 0.1% is tantamount to a zero deficit. Importantly, the president highlights he does not have any new fiscal measures and that he is not worried about approval polls. He highlighted earlier that he has no intentions of starting an election campaign two years early. Latest on tariffs via Reuters:
  • “IF TRUMP ISSUES TARIFFS ON BRAZIL, THERE WILL BE RECIPROCITY” (RTRS)
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  • *Lula Says No New Fiscal Measures (BBG)
  • President Lula continues to make comments and in particular says that he wants to deliver the best fiscal result possible for the country, and that a fiscal deficit of 0.1% is tantamount to a zero deficit. Importantly, the president highlights he does not have any new fiscal measures and that he is not worried about approval polls. He highlighted earlier that he has no intentions of starting an election campaign two years early. Latest on tariffs via Reuters:
  • “IF TRUMP ISSUES TARIFFS ON BRAZIL, THERE WILL BE RECIPROCITY” (RTRS)