After much “stretching and pulling”, president-elect Lula seems to have managed to set up a political board to accommodate the centrão parties in his third term.
In the division of seats, the PT took the ministries that are in the political showcase, with gigantic budgets. The centrão got the least pompous folders, but which have considerable cash and political capillarity.
Until now, the future Minister of Finance, Fernando Haddad, has been heard when he says that he is going to put his house in order and avoid a burst of public spending. Ending the fuel exemption corroborates this promise.
He signals that it is more expensive to deal with inflation due to lack of fiscal control than to correct an artificial drop in prices, as happened with fuel. Still, there is a cognitive dissonance between Lula and the market. This mismatch still appears in asset prices.
Presented by Thais Herédia, CNN Money presents a balance of news matters that influence markets, finances and the direction of society and power dynamics in Brazil and the world.
*Posted by Ligia Tuon
Source: CNN Brasil
I’m James Harper, a highly experienced and accomplished news writer for World Stock Market. I have been writing in the Politics section of the website for over five years, providing readers with up-to-date and insightful information about current events in politics. My work is widely read and respected by many industry professionals as well as laymen.
