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Brazilian markets rally on Bolsonaro first-round lead; spending-cut hopes questioned
El NacionalLO·BR·3 days ago
Brazil's public debt rose 10 percentage points to 82.9% of GDP under Lula's third term, matching the deterioration seen under Rousseff. Both presidential candidates, Lula and Flávio Bolsonaro, are avoiding detailed fiscal adjustment proposals ahead of the runoff, raising concerns about post-election debt trajectory.