HomeEmergencyBrazil's finance minister expected to step down next week, sources say

Brazil’s finance minister expected to step down next week, sources say

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BRASILIA, March 9 (Reuters) - Brazilian ‌Finance Minister Fernando Haddad is expected to step ​down by the end of next week to run for governor of Sao Paulo ⁠state as pushed for by President Luiz Inacio Lula da Silva, four sources told Reuters on Monday.

Haddad has not yet had a final ​conversation with Lula about running for governor, one of the sources said, but ‌the two have been speaking frequently about the matter.

The move was reported by newspaper O Globo earlier in the day. The finance ministry declined to ⁠comment.

Lula's push for Haddad to run in Sao Paulo ⁠reflects the president's need for a strong presence in a state that often votes heavily for the right-wing opposition. A weak performance for the leftist leader in Sao Paulo could undermine his presidential campaign, according ‌to his party.

Haddad had not planned to run for office this ⁠year and previously voiced his intention to serve ‌as one of the coordinators of Lula's ​re-election campaign.

Sources told Reuters, however, that expectations of a tough election for the president have put pressure on Haddad to become a candidate ‌in Sao Paulo.

A Datafolha poll released over the ​weekend showed that a potential ⁠second-round runoff between Lula and Senator Flavio Bolsonaro, the ‌eldest son of former President Jair ⁠Bolsonaro, would result in a technical tie.

Another Datafolha poll focused on Sao Paulo state showed Haddad would take 31% of the vote in a ​first round against 44% ‌for Governor Tarcisio de Freitas, backed by the Bolsonaro family, who defeated ⁠Haddad in 2022.

(Reporting by Lisandra Paraguassu, ​Bernardo Caram and Marcela Ayres; writing by Isabel Teles; editing by ​Gabriel Araujo and Deepa Babington)

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