Finance Minister Haddad to leave government in February
Under Brazilian electoral law, ministers running in the 2026 elections have until April 3 of next year to leave office. Haddad, however, said he intends to leave earlier to give the next occupant time to prepare measures typical of the economic team at the beginning of each year.
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The minister would like his successor to prepare the first edition of the 2026 bimonthly revenue and expenditure report, a document that informs the execution of the budget, in March. He would also like to leave the 2027 budget guidelines bill to the future minister, which must be sent to Congress by April 15 of next year.Haddad said he has already communicated his desire to President Lula and did not respond when asked if he intends to run for office next year.
“First, I expressed my desire to collaborate with President Lula’s campaign. And that is incompatible with the requirements of the Finance Ministry. There is no way to collaborate with the [2026 election] campaign while serving as finance minister,” Haddad said.
“So it was in this sense that I spoke with the president, saying that if my request is granted in some way – so be a campaign collaborator in his bid for reelection – a change of leadership here would be important,” added the minister.
Haddad pointed out that he waited for the approval of the 2026 budget guidelines bill at the beginning of the month as well as the bill reducing tax incentives, approved on Wednesday (17) in the Senate, to formally communicate his decision.
“I was really careful in talking about my future after the [budget guidelines bill] was approved and after the measures needed to make sure the budget was consistent with the [bill] were approved. I was always worried that the [bill] and the budget had to be internally consistent so that the goals could be met,” he said.
The minister, who was formerly mayor of São Paulo, gave no clues about a possible candidacy in 2026. He only reported that President Lula told him he would respect the decision that “Haddad made or will make.”