Credit rate over 400%, abysmal deficit... Behind Lula's victory, the debt trap threatens Brazil's economic future
ANALYSIS - Re-elected on Sunday to everyone's surprise after having multiplied promises in favor of purchasing power, the leader of the Brazilian left will now have to work to get the country's public finances out of…
The Brazilian left won the battle of the polls this weekend. Another front now awaits him: that of debt. On Sunday, Luiz Inacio Lula da Silva was re-elected president with 51.79% of the vote against 48.21% for far-right candidate Flavio Bolsonaro.
A historic “comeback” for the outgoing head of state, despite coming second in the first round, achieved thanks to the mobilization of his faithful… but also to an avalanche of promises in favor of purchasing power. Reduction of household debt, public aid for the most deprived, free transport on weekends: the former trade unionist did not skimp on costly commitments, despite already bloodless public finances. An implacable reality which Lula, returning for a fourth term at the head of the country, will however have to face, willy-nilly.
Machine-translated from French
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- Le Figaro26 Oct, 18:29
| Publisher Le Figaro (established tier) | +76 |
| Detailed summary | +2 |
| Total | 78 |
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