President Luiz Inácio Lula da Silva discussed, with the Executive leadership, possible changes to reduce the cost of revolving credit on the card. The information is from the newspaper Folha de S.Paulo.
The assessment is that the population’s indebtedness is one of the main sources of erosion of the federal government’s image in the middle of an election year, which motivates the attempt to change.
Ministers Sidônio Palmeira, from the Communication Secretariat, and Gleisi Hoffmann, from Institutional Relations, argue that the change sets a new limit for the amount to be charged in the revolving bill.
PoderData research, this Wednesday (25), shows that, six months before the election, Lula’s disapproval reached the highest level in the last two years and reached 61%. The government’s image is also suffering from growing wear and tear: 57% disapprove, while 37% still support the PT administration.
According to a Serasa survey, the Brazilian consumer’s financial scenario has undergone profound transformations, and the country has recorded a historic jump in the number of people with credit restrictions, which directly influences family debt.
The number of Brazilians in default rose from 59 million in 2016 to 81.7 million in 2026, which represents a significant increase of 38.1%. Total active debt went from 231 million to 332 million in the same time window. As a result, the average value of debts per person also rose, from R$5,880.02 to R$6,598.13, an increase of 12.2%.
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Interest drop
Government leaders in Congress followed the decision of the Monetary Policy Committee, which decided to cut the Selic rate by 0.25 percentage points, a move considered insufficient by the government wing.
PT representative in the Chamber, deputy Pedro Uczai (SC) classified the retreat as “shameful”, stating that the Central Bank insists on “maintaining one of the highest interest rates in the world”, while the government tries to create jobs and turn the economy around.
