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Brazil’s Lula Pledges Fiscal, Social Responsibility on Eve of Vote

  • Fiscal rules must be clear and realistic, he says in letter
  • Brazil’s real briefly added to gains after document released
Luiz Inacio Lula da Silva
Luiz Inacio Lula da SilvaPhotographer: Andre Borges/Bloomberg
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Brazil’s Luiz Inacio Lula da Silva pledged to combine fiscal and social priorities in a long letter highlighting his main campaign promises, published just three days ahead of a tight election runoff. 

The leftist former president, who’s leading opinion polls, wrote that fiscal policy must be “clear and realistic” with multi-year targets compatible with plans to address social demands and boost public investment.