Brazil: expectations for Lula’s economic team

Already during the campaign, the former president and leader of the leftist Workers’ Party (PT), had anticipated that it would add nine ministries to the current scheme of 23, which represents an increase of 40% in the government’s portfolios. Most are dependencies that the current president Jair Bolsonaro merged with others to reduce the size of the State.

According to a survey by O Globo, the third government of Lula da Silva will restore ministries such as Planning, Finance and Small Businesses (merged by Economy); Racial Equality, Human Rights and Women (unified by Bolsonaro); Social Security, Public Security and Native Peoples (area now subordinated to Justice), in addition to Fishing (currently attached to Agriculture), and Culture (which became part of Tourism).

The expanded cabinet will allow the elected president give representation in his administration to the ten parties that accompanied the PT in the electoral campaign as well as the figures who joined after the first round to guarantee a victory for the leftist over Jair Bolsonaro.

The names of Lula’s team

Thus, it is taken for granted that Simone Tebbetwho was the presidential candidate of the Party of the Brazilian Democratic Movement (PMDB) and was third in the first round, occupy a ministry. She has positioned herself to lead policy in education or agriculture.

Marina Silvawho was Lula’s Environment Minister before joining the opposition, is also among the leaders who will have a place in the government team despite the fact that she was elected deputy by force network. His participation in the Lulista campaign focused on the green agenda and was a link with the evangelist electorate.

The Brazilian Social Democracy Party (PSDB), of Gerald Alckminvice-president elect, will have a preponderant place in the cabinet with control of ministries of political articulation as well as those of Justice and Science and Technology.

Fernando Haddadwho lost the governorship of the most important state in Brazil to Bolsonarism: Saint Paul and to whom many inside the PT blame the errors of Lula da Silva’s campaign, possibly directs the Treasuryaccording to Globo, which is currently under the control of Economy.

The big question remains who will hold that position, something that reveals to the market that, since the first round, has been demanding details from Lula about the economic agenda and the team that will implement it.

Some sectors want Alckmin himself, who served as the link between the former president and the businessmen, to assume the portfolio as well as the second place in the structure of the Brazilian executive. Others welcome that the orthodox economist Henrique Meirelles – who led the central bank in previous Lulista governments – have that role in this third administration.

Meanwhile, central figures of the PT and of Lula’s proven confidence will occupy the main positions of political articulation, a key area taking into account the strong role of Bolsonarism in the Congress.

The president of the PT, senator Gleisi Hoffmanwill take care of the civil house (head of cabinet), while Jose Guimaraes (PT) and Wellington Days (PT) have the possibility of occupying the ministry in charge of articulation with the Legislative.

Brazil: expectations for Lula’s economic team