Haddad Signals Possible Exit as Brazil Finance Minister Before 2026

Brazil’s Finance Minister Fernando Haddad indicated he may step down to support President Luiz Inácio Lula da Silva’s 2026 election campaign, stating that his participation in the political effort could require leaving the ministry.

In an interview with O Globo published Thursday, Haddad said he does not plan to run for office but wants to contribute to Lula’s strategy and program development. 

He described the option of leaving his cabinet post as a “possibility,” noting that no timetable has been set. Key terms such as Brazil finance ministry, Haddad exit, and Lula 2026 campaign have gained prominence as political discussions intensify.

• Fernando Haddad signals he may leave the finance ministry to support President Lula’s 2026 campaign
• Rising political tensions and the Bolsonaro family’s moves add pressure to Brazil’s economic outlook
• Haddad’s potential exit could influence central bank appointments and broader economic policy ahead of 2026

Haddad emphasized that his role in the upcoming 2026 presidential race will depend on discussions with Lula, who has confirmed he will seek another term. According to the minister, Lula responded positively to the idea of his involvement in the campaign and signaled he would respect any decision Haddad makes regarding his future in the government. Further conversations are expected before any move is formalized.

The remarks come during a tense environment in Brazil politics. Senator Flavio Bolsonaro, son of former president Jair Bolsonaro, has launched a presidential bid, prompting volatility in financial markets. São Paulo Governor Tarcisio de Freitas has endorsed Flavio Bolsonaro, adding momentum to the opposition and increasing uncertainty ahead of the 2026 race. Lula’s principal challenger remains undefined.

Haddad also addressed delays affecting several federal nominations, citing political dynamics as the primary cause. Key pending appointments include positions at the Brazil central bank, the CVM securities regulator, and a Supreme Court vacancy. He stressed that upcoming central bank selections will follow technical criteria, with Lula consulting specialists before confirming names.

Also Read: Former Moldova PM Recean Returns as Special Envoy for Resilience

The Brazil central bank recently maintained its benchmark interest rate at 15%, the highest in nearly two decades. Expectations for rate reductions are centered on March 2026. Haddad’s potential departure could reshape Brazil economic policy during a crucial pre-election phase.