Alckmin leads race to head Brazil's Finance Ministry in Lula's fourth term

estadao.com.br (Portuguese) —

Vice President Geraldo Alckmin is the leading candidate to head Brazil's Finance Ministry in President Luiz Inácio Lula da Silva's fourth term, having gained Lula's trust and market favor. Alckmin, a former São Paulo governor and industry minister, is known for fiscal discipline and tax reform advocacy. He played a key role in US trade negotiations and has repeatedly expressed concern over public debt growth with Lula. Alckmin stated no formal invitation has been made yet, with inauguration set for January 5, 2027. PT president Edinho Silva said Alckmin could be "whatever he wants," though some PT members back Piauí governor Rafael Fonteles for the role.


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