2nd round increases demand for details of the next government’s economic policy

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Brazil is in a race against time until October 30th, the date of the second round of the 2022 elections.

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The two presidential candidates — Luiz Inácio Lula da Silva (PT) and Jair Bolsonaro (PL) — are dependent not only on political alliances, but also on the elaboration of economic plans that guarantee quality and price sustainability.

Bolsonaro won support from governors in the Southeast, including the unlikely Rodrigo Garcia (PSDB). Triggering a wave of electoral measures, he guaranteed the anticipation of Auxílio Brasil, from the end of the month to next week, and also promised the 13th of Auxílio Brasil to families headed by women starting next year.

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On the PT side, Lula raised important economists, such as Armínio Fraga, in a nod to the financial market, and there are expectations for new names in the coming days. He also gained support from governors, especially from the Northeast, although of lesser national importance. What is expected of Lula now is a complete opening about what his economic policy will be, the great source of doubts about his possible future government.

Regardless of who is next to whom on the podium, both Lula and Bolsonaro will have to answer a question that does not want to be silent: how will the bills for promises and the very support of the public machine of the next government be paid? It is a demand that guides the markets and is even reflected in the performance of the Stock Exchange, like the more corrective than optimistic movement of B3 seen last Tuesday (4).

Presented by Thais Herédia and Priscila Yazbek, CNN Money presents a balance of news issues that influence markets, finances and the direction of society and power dynamics in Brazil and worldwide.

*Posted by Tamara Nassif

Source: CNN Brasil

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