Brazil’s public debt has surged more than 10 percentage points during Lula’s current term to over 82% of GDP, driving up borrowing costs. The root cause is years of rising mandatory spending
Lula has sent mixed fiscal signals, at times dismissing debt worries as "nonsense"
Brazil’s Debt, Inflation, Tax Reform: Lula’s Economic Challenges In 4th Term
Oct 26, 2026 | 2:25 AM
