Lula pledges fiscal and economic stability to Brazil's business leaders ahead of election

At a hotel event in São Paulo attended by roughly 700 senior executives, President Luiz Inácio Lula da Silva promised to deliver fiscal and economic stability should he be re-elected. He emphasized that fiscal imbalances would ultimately be paid by the poor and pledged to protect public finances. Lula attacked his main opponent, Flávio Bolsonaro, accusing him of planning to surrender Brazil's mineral resources to the United States, and also denounced former U.S. President Donald Trump.

He described Bolsonaro as representing "barbarism" while positioning himself as a defender of democracy and institutional stability. Lula announced intentions to push a political reform that would limit parliamentary influence over the budget and to overhaul the judicial system following a corruption scandal affecting the Supreme Court. Finance Minister Dario Durigan said the government would treat interest-rate policy as a state matter while maintaining social programs for justice.