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Brazil Finance Minister Readies Run for Sao Paulo Governor

Haddad steps down to boost President Lula’s campaign in São Paulo, with polls showing a tight race against Bolsonaro’s ally, the incumbent governor.

  • On Thursday, Finance Minister Fernando Haddad announced his candidacy for governor of Sao Paulo, stepping down from his cabinet position while President Luiz Inacio Lula da Silva confirmed deputy Dario Durigan will lead the Finance Ministry.
  • The Workers Party views a gubernatorial run by Haddad as essential to bolster Lula's electoral chances in Brazil's most populous state, with the president emphasizing that the political climate requires the "best people" leading.
  • Haddad faces an uphill battle against incumbent Governor Tarcisio de Freitas, a popular ally of former President Jair Bolsonaro, as the minister acknowledged "the scenario has become more complicated."
  • Surveys show Lula tied against Senator Flavio Bolsonaro ahead of October's election, while the president's political climate is exacerbated by oil-price shocks from Middle East conflicts threatening to stoke inflation.
  • Rejecting the idea that his candidacy is a sacrifice for Lula's political plans, Haddad noted "It's a great privilege," though another electoral defeat would add to a string of challenging campaigns for the lawyer.
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13 Articles

Associated Press NewsAssociated Press News
+5 Reposted by 5 other sources
Lean Left

Brazil’s finance minister Haddad resigns to launch a high-stakes bid for Sao Paulo governor

Brazil’s finance minister Fernando Haddad has resigned to launch a bid for São Paulo governor. On Friday, the official gazette confirmed his exit.

·United States
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Lean Left

Winning the elections in Brazil requires getting a good result in São Paulo, the richest and most populous state, home to one in five voters. With that argument in mind, President Luiz Inácio Lula da Silva has managed to convince Fernando Haddad, a politician of his highest confidence, to pursue a career that the Workers’ Party presents itself extremely difficult to overcome. Haddad has announced his candidacy for governor of São Paulo, this Thu…

·Spain
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Lean Right

Advertisement was made during a press release this Friday night

·Brazil
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ReutersReuters
+2 Reposted by 2 other sources
Center

·United Kingdom
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Reuters broke the news in United Kingdom on Thursday, March 19, 2026.
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