Brazil’s Lula Says He Is Creating 12 Times More Jobs Than Cardoso

In another interview for radio stations on Wednesday, December 7, (the third in a series) Brazilian President Luiz Inácio Lula da Silva declared that the government is not divided about economic policy. He said the present policy was correct and had good results.

The President also came out in favor of maintaining the primary surplus target at 4.25% of GDP. Lula added that there were not going to be changes in economic policy because of next year’s elections.

He pointed out that the country is growing with low inflation, while both exports and imports have risen. He also said that his administration has been creating an average of 108,000 jobs per month, twelve times what the prior administration did.

Lula said the increase in employment was not only due to economic growth, but a sharp improvement in income distribution resulting from the government’s policies of more credit, microcredit plans and the strengthening of family farming.

In conclusion Lula said the government intends to continue reducing taxes in 2006. He said lower taxes generate more tax revenue because there is less tax fraud.

ABr

Tags:

You May Also Like

Brazil Sees China and India as Model and Threat

The challenges posed to Brazil by the development of China and India will be ...

Brazil Plans to Create 9 Federal Universities and 41 Campuses

Brazil expects to have 700,000 more students enrolled in higher education in 2007. This ...

Brazil Vows to Repair 16,000 Miles of Roads in Bad Shape

Brazil’s National Transportation Confederation (CNT) has released a note praising the decision by the ...

Snubbed and Excluded from Brazil and Friends Club US Applauds New Alliance

Latin American and Caribbean nations are to set up a new regional bloc of ...

In Fortaleza, Brazil, Old Buildings Tell City’s Story

Founded in the 17th Century by Dutch conquerors,  Fortaleza is one of the few ...

5 Witnesses Have Been Killed in Brazilian Case. Maria Aparecida May Be Next.

Maria Aparecida Denadai, a lawyer working in the state of EspÀ­rito Santo, in the ...

IMF Couldn’t Be More Pleased with Brazil

The Executive Board of the International Monetary Fund (IMF) completed December 15 the ninth ...

One Word for Brazil: Globalization

My subject is trade policy in Latin America, and the potential gains from greater ...

Survey Shows: Brazilian Indians Are Less Illiterate and More Evangelical

Illiteracy among Indians in Brazil fell sharply in the decade between 1991, when it ...

Brazil’s Interest Rates Are Still 6 Times Higher Than the US’s

The Brazilian Central Bank cut the benchmark Selic lending rate 25 points to 19.5% ...