Brazil’s electoral count puts Lula ahead in the presidential runoff
With the count complete, Lula had 51.79% and Flávio Bolsonaro 48.21%, the BBC reported from Brazil’s electoral court. Bolsonaro has not conceded.
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Luiz Inácio Lula da Silva has been re-elected president of Brazil, and Flávio Bolsonaro has not conceded, the BBC reported on Monday. With all votes counted, Lula had 51.79% and Bolsonaro 48.21%, a result the BBC attributed to Brazil’s Superior Electoral Court.
Bolsonaro has refused to recognize the result, the BBC said. He cited a two-hour extension of polling as “inexplicable,” the BBC reported, and it said both his campaign and Lula’s had asked for stations to stay open longer. The BBC said he told supporters in Brasília that he would seek to have the election annulled. That is his stated position, as reported by the BBC, not a finding about the vote.
The BBC said this is Lula’s fourth presidential win. He served from January 2003 to December 2010 and again from January 2023. The new term is set to begin on Jan. 5, 2027, the BBC reported. It said Bolsonaro finished ahead of Lula in the first round on Oct. 4.
The BBC described a difficult political map for the winner: a Congress it called the most right-wing of Brazil’s democratic era, with Bolsonaro’s Liberal Party making the largest gains, and more than 48% of voters choosing Bolsonaro. It said Lula will be 85 by the end of the term. Those are the BBC’s characterizations of the result.
On the economy, the BBC said Brazil is rich in oil and holds the world’s second-largest reserves of rare earth minerals, and that it is the only large South American country not led by a right-wing government. It said the White House wants Latin American governments aligned with U.S. policy on defense, security and trade, and wants less Chinese influence in the hemisphere. It said Trump did not directly endorse Flávio Bolsonaro. It also said Lula had warned the United States not to interfere and had insisted Brazil would “never fit into anyone’s backyard.”
This article does not report a price for the real, for Brazilian shares, or for any commodity. A currency or equity move belongs in a later story only with a market source that states it. The election result is a political fact with economic stakes. It is not a view on Brazilian assets.
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