Attacks on Brazil institutions won't delay Lula's first economic steps -minister By Reuters

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Attacks on Brazil institutions won't delay Lula's first economic steps -minister

Economy Jan 09, 2023 09:21PM ET

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Attacks on Brazil institutions won't delay Lula's first economic steps -minister

© Reuters. FILE PHOTO: General view of the damage at Brazil’s National Congress following a protest by supporters of Brazil's former President Jair Bolsonaro against President Luiz Inacio Lula da Silva, in Brasilia, Brazil, January 9, 2023. REUTERS/Adriano Machado

By Bernardo Caram and Lisandra Paraguassu

BRASILIA (Reuters) -The attack on state institutions in Brazil on Sunday will not delay the first actions planned by President Luiz Inacio Lula da Silva's economic team, expected to be announced this week, Lula's chief of staff said late on Monday.

Speaking to reporters, Rui Costa, also a minister in Lula's cabinet, said government meetings were scheduled for Tuesday and the Finance Ministry and Management Ministry will announce measures this week. Lula took office on Jan. 1.

"(The attacks) may have disturbed today, but the flow (of work) is still normal," he said. "They (protesters) can break windows, destroy public property, scratch Brazil's image, but they will not destroy Brazilian democracy."

Hundreds of supporters of former President Jair Bolsonaro stormed and vandalized the Congress, the Supreme Court, and the presidential palace on Sunday. Bolsonaro's supporters contest the result of October's presidential election, won by Lula by a narrow margin.

The attacks on state institutions are considered the worst since the country's return to democracy in the 1980s.

Earlier on Monday, three sources had said there was a risk of postponing the first economic measures due to the chaos in the federal capital.

Pressured to present concrete actions to address the country's public accounts deficit, aggravated by Congress' approval of a multi-billion reais spending package to meet campaign promises, Finance Minister Fernando Haddad had publicly said he would make his first announcements this week.

The minister participated in emergency meetings with Lula and others on Monday.

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Comments (2)

JJ__ Jan 10, 2023 3:45AM ET

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#brazilwasstolen

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Alan Rice Jan 09, 2023 3:01PM ET

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CONGRATULATIONS Brazil on your exporting of the chief Banana Republican, and keeping the DEMOCRATICALLY ELECTED Official.

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Gee Sss Jan 09, 2023 3:01PM ET

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Hate to break it to you but democracy is nowhere near perfect. Not to mention, Lula's economic/social policy is going to lead Brazil down a similar road as Argentina. It's simply not the environment to beef up spending. Why did the economy increase under him? Probably the same as every other country - central banks after the financial crisis.

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Attacks on Brazil institutions won't delay Lula's first economic steps -minister

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