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Lula Boosts Social Welfare Payments Ahead of Tight Election
Source: Bloomberg
Elections & Domestic PoliticsFiscal Policy & Budget
Brazil’s government increased social welfare payments weeks ahead of a closely contested election, with President Luiz Inacio Lula da Silva tied in polls with his right-wing challenger. The pre-election fiscal measure may support household consumption and Lula’s electoral position, but could also heighten investor concern over budget discipline and fiscal risks.
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