Brazil
News

Brazil presidential election heads to runoff after surprisingly close vote

Bnamericas Published: Monday, October 03, 2022
Brazil presidential election heads to runoff after surprisingly close vote

Brazil's next president will be chosen in a runoff vote on October 30, as leftist former president Luiz Inácio Lula da Silva beat right-wing President Jair Bolsonaro in Sunday's general election by a lower margin than polls had suggested

With nearly all votes counted, Lula obtained 48% of the votes, while Bolsonaro got 43%.

"The result of this first round shows that the anti-left vote in Brazil remains very strong and the election in the second round is a completely open game, with no favorite candidate," Hold Consultoria political analyst André Pereira Cesar told BNamericas.

"If Lula wins the runoff by a small margin, there are great chances that Bolsonaro will contest this election result as he has been threatening to do for a long time."

According to a Datafolha poll published last Thursday, Lula was expected to get 47% of the votes to Bolsonaro's 33%. 

Votes in São Paulo – the wealthiest and most populous state, where candidates for state government and the senate who were endorsed by Bolsonaro won or overperformed – were key to the president's better-than-expected performance. 

Lula did better in the country's northeastern region, whose low-income population has historically supported leftist candidates. 

The election shows the strength of the incumbent candidate. Since the return of democracy and the start of the direct elections in the 1990s, all three candidates who sought reelection – Fernando Henrique Cardoso, Lula and Dilma Rousseff – were successful.

In recent days, some leading figures linked to the center-right have shown support for Lula’s candidacy, notably former economy minister Henrique Meirelles, who is highly respected in Brazil’s finance sector.

But in the end, Bolsonaro's decision to slash fuel taxes, as well as other populist measures in recent months, allowed him to close the gap with the opposition's leader. 

In congress, meanwhile, most candidates linked to Bolsonaro and the right-wing won their races, highlighting the strength of the current administration. 

Subscribe to the most trusted business intelligence platform in Latin America. Let us show you our solutions for Suppliers, Contractors, Operators, Government, Legal, Financial and Insurance.

Subscribe to Latin America’s most trusted business intelligence platform.

Other projects

Get key information on thousands of projects in Latin America, from current stage, to capex, related companies, key contacts and more.

  • Project: Chanape
  • Current stage: Blurred
  • Updated: 2 days ago
  • Project: Plomosas
  • Current stage: Blurred
  • Updated: 2 days ago

Other companies

Get key information on thousands of companies in Latin America, from projects, to contacts, shareholders, related news and more.

  • Company: Sociedad Química y Minera de Chile S.A.  (SQM)
  • Sociedad Química y Minera de Chile S.A. (SQM) is a Santiago-based non-metallic miner engaged in the production and distribution of specialty fertilizers. The company operates in...
  • Company: Pomagalski S.A.  (Poma)
  • Pomagalski S.A. (Poma) is a French group engaged in the design, building, installation of transportation systems for specific industries, with a special focus on ropeway systems...
  • Company: Cordoba Minerals Corp.  (Cordoba Minerals)
  • Cordoba Minerals Corp. is a Toronto-based resource exploration company focused on the acquisition, exploration, and development of precious and base metal properties. The firm i...
  • Company: Oil Malal
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: Ignis Partners, S.L.  (Ignis Energía)
  • The description contained in this profile was taken directly from an official source and has not been edited or modified by BNamericas researchers, but may have been automatical...
  • Company: TermoAndes S.A.  (TermoAndes)
  • TermoAndes is a power producer that operates a combined-cycle natural gas plant in Argentina's Salta province. The facility started operations in 1999 and has capacity to produc...