Presidency of Fernando Henrique Cardoso
| Presidency of Fernando Henrique Cardoso 1 January 1995 – 1 January 2003 | |
Vice President | |
|---|---|
| Cabinet | See list |
| Party | PSDB |
| Election | |
| Seat | Alvorada Palace |
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The presidency of Fernando Henrique Cardoso began on 1 January 1995, with the inauguration of Fernando Henrique, also known as FHC, and ended on 1 January 2003, when Luiz Inácio Lula da Silva took over the presidency.
The main achievements of his administration were the maintenance of economic stability with the consolidation of the Real Plan, the privatization of state-owned companies, the creation of regulatory agencies, the changes to the legislation governing civil servants and the introduction of income transfer programs such as Bolsa Escola.
The FHC government recorded GDP growth of 19.39% (an average of 2.42%) and per capita income growth of 6.99% (an average of 0.87%). He took office with inflation at 22.41% and left at 12.53%.