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Brazil’s Lula says public debt is not a concern in a potential new term

Brazil’s President Luiz Inacio Lula da Silva said on Thursday that the trajectory of the country’s public debt is not a concern for him in a potential new term, arguing the government’s fiscal scenario has improved since he took office in 2023 and the country is on track to a primary surplus this year. During an interview with TV Globo’s Jornal Nacional, the newscast with the largest audience in Brazil, Lula said economic growth will help to reduce the public debt as a share of Gross Domestic Product (GDP). [...]