Caiado Seeks Economic Allies Amidst High Inflation

Ronaldo Caiado, a candidate from the PSD party for President of Brazil, is initially focusing on securing support from business and financial sectors. During his first week of intense campaigning, Caiado held meetings with industry representative groups in São Paulo. He has pledged responsible fiscal adjustments that balance public spending with overall economic conditions, all while respecting inflation pressures. He emphasized that his administration would work to cut government expenditures down to 40% or 50% of the Gross Domestic Product (GDP), a stance that reflects more conservative financial policies compared to current ones. Caiado criticized the federal government for lacking commitment to fiscal adjustments and accused President Luiz Inácio Lula da Silva (PT) of governing with populist policies, suggesting potential economic failure if re-elected.