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[BUSINESS] · Brazil · 54 sources

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Brazil President Lula holds emergency meeting to discuss fiscal policy

President Luiz Inácio Lula da Silva convened an extraordinary meeting at the Palácio da Alvorada on Thursday, November 5, to address Brazil's rising public debt, which has surpassed 80% of the GDP. The meeting included ministers, economic advisors, and former ministers to discuss strategies for fiscal adjustment and attracting foreign investment.

During the session, participants presented varying economic approaches. Finance Minister Dario Durigan and Planning Minister Bruno Moretti advocated for fiscal responsibility and gradual adjustments to balance the budget. Meanwhile, other discussions focused on preserving social programs while managing debt. The meeting follows a period of market volatility, including a significant drop in the Ibovespa and a rise in the US dollar.

Lula also addressed the National Council for the Industrialization of Critical and Strategic Minerals, emphasizing that Brazil must maintain legal and fiscal responsibility to attract capital. The government is currently reviewing a list of 27 minerals, including lithium, copper, and nickel, classified as strategic for the country's industrialization efforts.

Entities

Banco Central do Brasil · Brazil · Bruno Moretti · Central Bank of Brazil · Darío Durigan · Fernando Haddad · Flávio Bolsonaro · Geraldo Alckmin · Guido Mantega · Luiz Inácio Lula da Silva · Palácio da Alvorada · Palácio do Planalto

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Sources

Golpe oficial - Tribuna do Norte [tribunadonorte.com.br]