Fiscal responsibility without thinking about social issues is useless, says Lula

On the last day of participation in COP27, the Climate Summit, the elected president, Luiz Inácio Lula da Silva (PT), criticized this Thursday morning (17) the fulfillment of the spending ceiling to the detriment of the allocation of resources for the social area. He also spoke about meeting the inflation target, withoutprometo have growth, and criticized the financial system, which never loses.

Lula spoke to civil society representatives at the event organized by the Brazil Climate Action Hub, a group created by civil society organizations to discuss climate action.

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“When you put something called a spending cap, all that happens is you take money away from health, you take money away from education, technology, culture, in other words, you try to dismantle everything that is part of the social world and you don’t touches a penny of the financial system. You don't touch a penny of that interest that the banker has to receive. Ah, but if I say that, the stock market will fall, the dollar will rise… Patience! The dollar doesn’t rise and the stock market doesn’t fall because of serious people, but because of speculators.”

According to the president-elect, it is necessary to have an inflation target, but also a growth target. “We have to have some commitment to generating income, to increasing the minimum wage above inflation. I want to prove that it is possible to end hunger again and create jobs.”

Worst country

Lula said he will assume the Presidency in January with Brazil in a worse situation than when he began his first term as president, in 2003. “We are going to find the country worse off and with something more serious, the attempt to discredit its institutions.”

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During the meeting, the Black Coalition for Rights, which brings together more than 200 organizations, associations, NGOs, collectives, groups and institutions of the black movement, delivered a letter demanding actions to combat environmental racism to the elected president. Youth leaders also sent a letter requesting the creation of the Climate Youth Council.

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