Fonteles denies having discussed positions with Lula and remains the main candidate for the Treasury
Re-elected governor of Piauí appears, for now, as the main name for the Ministry of Finance, while the press describes a possible visit by Lula to the state.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM INFOMONEY · 3 MIN
The re-elected governor of Piauí, Rafael Fonteles (PT), denied having dealt with President Lula or anyone else about positions in the fourth term. The statement comes while he is, for now, the main candidate for the Ministry of Finance, according to Broadcast Politico, cited by InfoMoney.
The context is Lula's victory over Flávio Bolsonaro (PL) in the second round, on Sunday (25). Fonteles was one of the main coordinators of Lula's campaign in the final stage and was re-elected in Piauí with 71% of the votes in the first round, according to Estadão. The state was where Lula had the highest proportional vote: 70.99% of valid votes in the first round and 75.88% in the second.
The movement in Brasília took on its own contours. According to Rádio CBN, cited by Money Times, Lula is expected to travel to Piauí to invite Fonteles in person, with a meeting scheduled between Tuesday (3) and Wednesday (4). InfoMoney records that the visit is circulated in the press as an official invitation, and Fonteles denied the meeting in a publication in X. So far, the two reports have not been confirmed.
In the same survey, Money Times reports that Fonteles' allies advised him to resume the government of Piauí and only take up a position in Brasília after a year. The reason given would be possible wear and tear on voters in the state, who gave more than 70% of valid votes to Lula in the first round.
In the fiscal field, Estadão reports that Fonteles stated that Lula will balance the books by cutting privileges and waste, and not social programs. The phrase is the main public clue about the orientation that a possible Finance Minister appointed by the PT member could adopt.
The Money Times also reports that Lula is expected to speak to the nation next week, but the text consulted does not provide details on the topic of the speech.
What changes for the investor
The choice of the Finance Commander is one of the signs most followed by those who operate interest rates, exchange rates and the stock market, because it indicates the tone of fiscal policy. The speech attributed to Fonteles points to the containment of privileges and waste as the axis of adjustment, a point that the market usually evaluates when looking at public accounts. Still, there is no confirmed name or detailed measures, and the definition of the position depends on conversations that the press describes without official confirmation. For those who invest, what is worth following is the official announcement, if it comes, and the tax commitments that accompany it.
Automatically translated from Portuguese.
