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Election In Focus, Econ Ministry Considering Additional Social Spending

BRAZIL
  • Former president Luiz Inacio Lula da Silva will spend the day in Minas Gerais state, with events in Teofilo Otoni and Juiz de Fora cities. Incumbent Jair Bolsonaro will be in Sao Paulo, where he will meet with athletes and grant an interview to SBT channel.
  • Senator Simone Tebet, who came in third in the first round, has taken it upon herself to urgently convince about one-third of her 4.9 million supporters to shift their votes for Lula.
    • “There’s a very large percentage of uncommitted voters and we’re chasing them during the final 10 days of the race,” Tebet said in an interview. “I haven’t and I won’t cross my arms because we have only one democratic candidate left in this election.”
  • Modalmais are scheduled to release electoral polls on presidential race today
  • Brazil’s economic team is considering measures to free up the budget and make room for additional social spending next year, including ending inflation-linked increases to the minimum wage and pensions.
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