Poor Are Finally Benefiting From Brazil’s Boom Trade, Says Lula

Brazilian President Luiz Inácio Lula da Silva underscored, last week, that, for the first time, poor Brazilians are experiencing “seeing this country grow in a sustainable way, with low inflation.”

“These workers are enjoying prospects of real growth in their monthly incomes and of being able to participate much more forcefully in this country’s politics and consumer market,” he declared at the inauguration of an electric power transmission line in Cuiabá, capital of the state of Mato Grosso.


Lula affirmed that the poorest members of the population were the ones who suffered the most from the economic “games” played by previous administrations.


“Each time someone played with the country’s economy, in view of imminent elections, the negative result was left over for the poor part of the population.”


The president stressed the growth in the country’s exports from US$ 24.8 billion (60 billion reais) to US$ 45.60 billion (110 billion reais), notwithstanding criticisms of the government’s exchange policy.


The expectation, he said, is for exports to reach US$ 49.75 billion (120 billion reais) by the end of the first half of 2006.


“We are proving that it is possible to expand the domestic market, to expand the foreign market, and still contain inflation at its lowest level in recent years.”


Lula avowed once again that all charges of corruption will be investigated. “Everybody knows that these things that are done seriously take more time.


“Frequently, when all you do is stage a Carnaval, there is a lot of noise, and the true conclusion takes a long time to appear, and sometimes it doesn’t appear at all.”


Agência Brasil

Tags:

Ads

You May Also Like

Brazil’s Processed Beef Exports Up 20%. U.S. Number 1 Client.

Brazilian exports of processed beef amounted to US$ 429.4 million in the first nine ...

Year-Round Daily Houston-Rio, Brazil, Coming Soon from Continental

US-based Continental Airlines announced this Tuesday, October 28, that it has filed an application ...

Bargain Hunters Descend Upon Brazil and Stocks Jump Up

Brazil and Latin America greatly improved Friday, October 21, as bargain hunters moved in. ...