Mr Palocci had a long-term plan to shift the economy into higher gear, which involved cuts in taxes and public spending (non-financial spending would fall by 0.2% of GDP per year).

Palocci, one of the closest advisers to Lula and former President Dilma Rousseff from 2003 to 2011, was jailed in September on charges he ran a bribery scheme funneling money to Lula's Workers Party.

Mr Palocci is backing a plan to entrench budget reform in the constitution. This would reduce earmarking and set a ceiling on central-government current spending, initially at 17½% of GDP and ...

Palocci, one of the closest advisers to Lula and former President Dilma Rousseff from 2003 to 2011, was jailed in September on charges he ran a bribery scheme funneling money to the Workers Party ...

Former Brazilian Finance Minister Antonio Palocci told a court hearing on Thursday that he could provide details of a political kickback scheme, which could threaten former President Luiz Inácio ...

Antonio Palocci, who was minister during the governments of Lula da Silva and Dilma Rousseff, affirmed that he gave the former president, in “several opportunities”, cash proceeds of bribes ...

It seems inevitable that Antonio Palocci, Brazil’s finance minister, will resign by March 31, the deadline for holders of public office to step down if they wish to run for president, state ...

Palocci helped Lula change his image from a leftist radical into a business friendly and socially progressive leader who finally secured election on his fourth bid. As finance minister from 2003 ...

Former Chief of Staff and Finance Minister Antonio Palocci, shown in 2011, was arrested on Monday as part of the anticorruption investigation known as Operation Car Wash. Photo: Agence France ...

Investors reacted positively Wednesday to Brazilian Finance Minister Antonio Palocci's testimony before a senate committee, sending the country's stock market higher. Mr. Palocci is a market ...