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Lula Campaign Pledges 2% of GDP Fiscal Adjustment to Combat Brazil’s High Interest Rates

Finance Minister Dario Durigan commits a future Lula administration to a 2% of GDP fiscal effort to lower the 14.00% Selic rate and stabilize public debt.

By Marcus Wright

Published
Lula Campaign Pledges 2% of GDP Fiscal Adjustment to Combat Brazil’s High Interest Rates
Source: Ricardo Stuckert/PR / Wikimedia Commons (CC BY 3.0 br)

Finance Minister Dario Durigan commits a future Lula administration to a 2% of GDP fiscal effort to lower the 14.00% Selic rate and stabilize public debt.

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