The results of the Brazilian Presidential elections on October 2018 confirmed the victory of Jair Bolsonaro, who will be in government from January 1st, 2019 to 2022. The candidate of the Liberal Social Party (PSL) won 55.13% of the valid votes (57.7 million) against his opponent Fernando Haddad, of the Workers’ Party (PT), who obtained 44.87% of the valid votes (47 million).
In terms of proposals, Bolsonaro’s government program proposes a liberal strategy focused on investments to Science & Technology. He supports stimulating the development of new technologies and enabling an environment that is favorable to innovation. Bolsonaro thus wishes to attract investments from abroad based on foreign trade in order to generate new technologies, jobs and income. In his government program, Bolsonaro states that he will look to increase the efficiency of spending – with the view of “doing more with the same resources”. Bolsonaro said that “transparency and the fight against corruption are not negotiable goals”.
Read the analysis written by Licks Attorneys Government Affairs & International Relations group.