Luiz Inácio Lula da Silva would scrap Brazil’s constitutionall | Macro Trader
Luiz Inácio Lula da Silva would scrap Brazil’s constitutionally mandated spending cap, overhaul taxation and boost government spending “to put the poor and the workers back into the budget” if the veteran leftwinger returns to the presidency in October’s election, according to a draft manifesto circulated by his campaign.
The 90-point programme, which articulates many of the core objectives of Lula’s Workers’ party (PT), offers the first clear indication of the direction in which Lula would take Latin America’s largest economy if he beats incumbent president Jair Bolsonaro in the poll.
The draft manifesto, which was penned by Aloízio Mercadante, a close Lula ally and co-founder of the PT, still must be agreed by allied parties. It would then be put to a public consultation, a process that may take months.
