From Buenos Aires Times · Daniel Carvalho, Beatriz Reis & Simone Iglesias, Bloomberg · · 2m
Bolsonaro Leads Lula in Brazil Run-off Race
Flávio Bolsonaro surges ahead of Lula in Brazil's presidential race, setting stage for October 25 runoff.
In brief
Flávio Bolsonaro surges ahead of Lula in Brazil's presidential race, setting stage for October 25 runoff. Flávio Bolsonaro leads Luiz Inácio Lula da Silva in Brazil's presidential election with 47% to Lula's 45%, likely securing victory in the October 25 runoff. Originally reported by Buenos Aires Times.
First Round Results
Flávio Bolsonaro surged to a surprise lead over Luiz Inácio Lula da Silva in Brazil’s presidential election.
Bolsonaro's Vote Share
Bolsonaro took about 47 percent of the vote to Lula’s roughly 45 percent with counting nearly complete.
Run-off Date

They will face off on October 25, but closing the gap is likely difficult for Lula.
Lula's Age and History
Lula, 80, governed Brazil from 2003 to 2010, later went to prison on corruption convictions that were annulled.
Bolsonaro's Campaign
Bolsonaro declared 'the end of the Workers’ Party era' in his first remarks, saying he and his allies dealt a final blow to Lula’s movement.
“We will be able to build a government inspired by my father’s, an administration even better than his”
Lula's Response
Lula expressed confidence in his ability to win the run-off, stating it would show Brazil’s true picture.
Historical Context
Since Brazil returned to democracy in 1989, no candidate who trailed in the first round has won the run-off.
Workers' Party Impact
The Workers’ Party, which has won five of the last six presidential races, faces a devastating blow to its message.
Bolsonaro's Economic Plan
Bolsonaro promises a 'big cut' in spending, aligning with Argentina's austerity drive led by Javier Milei.
Lula's Economic Policies
Lula has boosted social welfare benefits and unveiled a plan to use public funds to buy delinquent debts.
Corruption Probe
A probe into Banco Master SA, the failed lender at the centre of a US$10-billion fraud investigation, has repeatedly upended the race.
Market Reaction
Brazilian assets are expected to surge when markets open Monday on signs Bolsonaro is poised for victory.
The big picture
Flávio Bolsonaro leads Luiz Inácio Lula da Silva in Brazil's presidential election with 47% to Lula's 45%, likely securing victory in the October 25 runoff.



