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Lula da Silva’s government will have to compensate for increased expenses with taxes, assesses Genoa

By Felipe Serrano

The increase in expenditure outside the expenditure ceiling provided for in the Transition PEC, of the order of at least R$145 billion, will require the new government of Luiz Inácio Lula da Silva (PT) to compensate to the same extent to maintain the balance public accounts and prevent the public debt from entering an excessively high trajectory.

The assessment is by Igor Velecico, chief economist and partner at Genoa Capital, a manager with R$13 billion in assets under management, in an interview with Bloomberg Línea.

For Velecico, it will be necessary to increase . . .

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