Government leaders

Lula Plans $28 Billion Debt Buyout to Aid Consumers Before Vote

Bloomberg25 September 2026, 22:43 UTCBrazil

Brazil’s government plans to spend 15 billion reais to buy as much as 150 billion reais ($28 billion) of delinquent consumer debt from banks, part of President Luiz Inácio Lula da Silva’s push to ease the financial strain on households and bolster his bid for a fourth term.

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