In London, minister promises investors that Lula “will address” fiscal issues
While the market is waiting for a signal from President Lula on fiscal policy in his fourth term, the Minister of Transportation, George Santoro, took a message to major investors. On a roadshow in London to present the government's highway and railway auction schedule for the coming years, Santoro said that he himself brought the issue of public accounts to the table.
Brazil's Transportation Minister, George Santoro, has reassured large investors in London that the country is addressing its fiscal challenges. Speaking at a roadshow to present the government's infrastructure auction plans, Santoro acknowledged Brazil's fiscal difficulties but noted that 22 of 27 European Union countries faced similar issues.
He cited the UK's projected 4% GDP deficit as an example, saying the problem is not unique to Brazil. Santoro expressed confidence that President Lula will provide guidance on the country's fiscal policy, and that investors are interested in Brazil's infrastructure projects.
Written by urgent.news from Brazil Journal's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
