SAO PAULO (Reuters) – Brazil’s presidential frontrunner Luiz Inacio Lula da Silva, who led Latin America’s largest economy from 2003 to 2010 and is now looking for a comeback, said on Wednesday the country would not need a spending ceiling if he were to win a new term.
“I don’t need a spending cap. A spending cap legislation is something you do when you are irresponsible,” the leftist leader said in an interview with news website UOL. “I know I cannot spend more than I have”.
(Reporting by Eduardo Simoes; Writing by Gabriel Araujo; Editing by Anthony Esposito)
