Economic and Financial Policies of the Lula da Silva’s Government in 2023–2024
https://doi.org/10.31249/kgt/2025.03.08
Abstract
Thе article provides an analysis of the main economic policy directions of Brazil in the first half of the third presidential mandate of Luiz Inacio Lula da Silva (Lula) – from January 1, 2023 to the end of 2024, as well as the prospects for the country’s development until 2026. The article offers a diagnosis of the current state of the Brazilian economy and public finances, and assesses the opportunities and risks of the ongoing transformations. The central points of Lula da Silva’s economic policy are strengthening the role of the state in modernizing industry and infrastructure in accordance with the requirements of technological and environmental transition, increasing the country’s competitiveness, improving the business environment, and creating conditions for attracting private investment in ongoing projects. The current government is striving to focus its efforts on strategic areas of reform, while also addressing the challenges of balanced economic growth and financial sustainability. One notable achievement has been the implementation of a fiscal reform aimed at achieving greater fairness in the taxation of Brazilian citizens’ income, reducing the tax burden on businesses, and promoting flexibility and accountability in budget management. According to the author, progress in these areas is crucial for Brazil’s prospects of becoming a global leader in economic and technological development.
About the Author
L. N. Simonova
Institute of Latin America of the Russian Academy of Sciences
Russian Federation
Russian Federation
Ludmila N. Simonova, PhD (Econ.), Head of the Center for Economic Research
B. Ordynka Street, 21, Moscow, 115035
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Review
For citations:
Simonova L.N. Economic and Financial Policies of the Lula da Silva’s Government in 2023–2024. Outlines of global transformations: politics, economics, law. 2025;18(3):131-149. (In Russ.) https://doi.org/10.31249/kgt/2025.03.08
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