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Reuters
Reuters
Politics
By Bernardo Caram

Brazil's Lula may seek more than $39 billion in extra 2023 spending, says aide

Guido Mantega Luiz Inacio Lula da Silva Brazil Finance
FILE PHOTO - Luiz Inacio Lula da Silva speaks at an election night gathering on the day of the Brazilian presidential election run-off, in Sao Paulo, Brazil, October 30, 2022. REUTERS/Mariana Greif

Brazilian President-elect Luiz Inacio Lula da Silva will negotiate in the coming weeks an increase in 2023 government spending that could exceed 200 billion reais ($39 billion), said his former Finance Minister and close aide Guido Mantega.

In an interview with Reuters, he said the first task of the new government taking over from right-wing incumbent Jair Bolsonaro on Jan. 1 will be revisiting a 2023 budget proposal that he described as "fiction."

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