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“I’ve never seen a market as sensitive as ours,” says Lula da Silva after decision to consume all of Bolsonaro’s fiscal surplus in 2023

The president-elect, Luiz Inácio Lula da Silva (PT), said this Thursday (Nov. 10) that the Brazilian financial market is "sensitive" and was "nervous for nothing".

However, a few days ago, he showed no qualms about fiscal responsibility and sought an agreement with Congress to allow a significant increase in public spending in the 2023 Budget.

No compensatory measures were announced; it sought to consume the surplus inherited by Bolsonaro.

His economic team is preparing its first draft of Brazil's Budget for 2023.

The PT's project aims at a brutal increase in public spending to finance the . . .

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