00:00Welcome back to From the South.
00:01Brazilian President Luis Ignacio Lula da Silva has rejected right-wing disinformation
00:06regarding potential social spending cuts pledging to protect public welfare programs.
00:12Addressing the nation, President Lula confirmed that all active social initiatives,
00:17including university student subsidies, debt relief mechanisms for micro-entrepreneurs
00:23and free weekend public transport, will remain fully operational during his mandate.
00:30The statement counters rumours circulated by opposition sectors
00:33amid national discussions on public finance and fiscal balance.
00:38While government estimates project on an annual cost of nearly 47 billion free eyes for these measures,
00:45the administration reaffirm its commitment to social protection and progressive economic priorities,
00:51targeting a primary deficit reduction to 0.25% of GDP for 2026 without sacrificing social rights.
01:00Alright, so let's take a look at this here.
01:02Let's take a look at this.
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