Brazilian President Luiz Inácio Lula da Silva said in an address on Sunday the 8th that his government would seek to raise investment in the country to more than 20% of gross domestic product (GDP), in partnership with the private sector.
Lula said he intended to create conditions to lower interest rates and stimulate investment, but did not detail the measures. In the speech, he also reaffirmed his commitment to fiscal responsibility, following criticism of his economic management and the impact of government decisions on the financial markets.
The president confirmed that he would send a proposal to the legislature to eliminate public transportation fares on weekends, without explaining where the funding would come from. He also reiterated his support for political and judicial reforms.
On public security, Lula advocated the integration of police forces and the approval of a proposed constitutional amendment on the issue. He also said he would send Congress a provisional measure to create a Ministry of Public Security.
