IBOV 185,483.42 ▲ 3.21% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,838.57 ▲ 0.50% MERVAL 3,057,915 ▲ 0.28% COLCAP 2,483.01 ▲ 0.52% BVL PERÚ 59,515.48 ▲ 0.86% USD/BRL5.11▼ 0.97% USD/MXN16.99▼ 0.06% USD/CLP938.14▲ 0.08% USD/COP3,155▼ 1.68% USD/PEN3.36▼ 0.03% USD/ARS1,512▼ 0.08% USD/UYU40.24▲ 1.21% USD/PYG5,885▲ 1.38% USD/BOB12.20▲ 4.46% USD/DOP58.55▲ 0.49% USD/CRC445.58▲ 1.89% USD/GTQ7.63▲ 2.07% USD/HNL26.83▲ 1.45% USD/NIO36.62▲ 0.20% USD/VES799.17▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.66▲ 0.93% EUR/BRL5.91▼ 1.65% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73% IBOV 185,483.42 ▲ 3.21% IPSA 11,315.26 ▼ 1.14% IPC MEX 64,838.57 ▲ 0.50% MERVAL 3,057,915 ▲ 0.28% COLCAP 2,483.01 ▲ 0.52% BVL PERÚ 59,515.48 ▲ 0.86% USD/BRL 5.16 ▲ 0.01% USD/MXN 17.06 ▼ 0.24% USD/CLP 913.98 ▲ 0.04% USD/COP 3,140 ▲ 0.03% USD/PEN 3.36 ▼ 0.66% USD/ARS 1,493 ▲ 0.10% USD/UYU 40.27 ▲ 1.24% USD/PYG 5,939 ▲ 1.68% USD/BOB 11.64 ▼ 0.76% USD/DOP 58.34 ▲ 1.25% USD/CRC 445.92 ▲ 0.89% USD/GTQ 7.62 ▲ 2.21% USD/HNL 26.79 ▲ 1.57% USD/NIO 36.62 ▲ 0.69% USD/VES 762.44 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.28 — 0.00% USD/TTD 6.70 ▲ 0.61% EUR/BRL 5.95 ▲ 1.01% BRENT 88.88 ▼ 0.03% WTI 83.11 ▼ 0.11% IRON ORE 161.91 — — COPPER 6.61 ▲ 0.03% GOLD 4,461 ▲ 1.78% SILVER 65.59 ▲ 1.26% SOY 1,184 ▲ 3.20% CORN 480.50 ▲ 10.02% WHEAT 655.00 ▲ 3.93% COFFEE 317.25 ▼ 5.51% SUGAR 16.43 ▼ 1.79% ORANGE JUICE 138.55 ▼ 0.47% COTTON 85.03 ▲ 2.33% COCOA 5,719 ▲ 3.18% BEEF 223.60 ▼ 3.93% CATTLE 339.10 ▼ 3.16% LITHIUM 75.20 ▲ 1.47% PETR4 41.64 ▼ 0.05% VALE3 72.97 ▲ 0.83% ITUB4 38.60 ▼ 1.03% BBDC4 16.85 ▲ 0.36% ABEV3 14.89 ▼ 0.80% BBAS3 19.37 ▲ 0.47% B3SA3 14.26 ▼ 0.21% WEGE3 47.59 ▲ 0.49% PRIO3 59.14 ▼ 0.19% SUZB3 41.33 ▲ 2.35% RENT3 34.68 ▼ 0.09% AZZA3 15.89 ▼ 2.63% CSAN3 3.22 ▼ 1.83% RAIZ4 0.25 — 0.00% PCAR3 2.75 ▼ 0.36% GMAT3 3.65 ▼ 1.08% PSSA3 48.13 ▼ 0.54% CVCB3 1.33 ▼ 2.92% POSI3 3.36 ▲ 2.44% SLCE3 13.34 ▲ 0.30% NATU3 8.14 ▼ 0.73%
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Wednesday, September 2, 2026

Brazil Brazil elections 2022

Bolsonaro expands Auxilio Brasil social assistance program ahead of elections and will make transfers every three days

By · October 20, 2022 · 2 min read

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Jair Bolsonaro (PL, right) prepares for the second round of elections by focusing on expanding the main state’s social benefits.

Transfers from Plan Auxilio Brasil (Brazil aid) are brought forward, and a R$1 billion (US$190 million) credit program for women entrepreneurs is launched.

Jair Bolsonaro’s government will push for the expansion of social assistance in Brazil, using funds from the Federal Economic Fund, one of the most important financial institutions in state hands and dependent on the Ministry of Finance.

Bolsonaro expands Auxilio Brasil social assistance program ahead of elections and will make transfers every three days. (Photo internet reproduction)
Bolsonaro expands Auxilio Brasil social assistance program ahead of elections and will make transfers every three days. (Photo internet reproduction)
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Budgets of up to R$1 billion have been earmarked for this program, and the services will be provided before the second round elections on Oct. 30.

Only on Oct. 3, after the results of the first election, Bolsonaro announced that the transfers foreseen under the Auxilio Brasil program, amounting to R$1.8 billion, would be received before the second round of elections.

A total of 700,000 people will receive social benefits through this extension.

In the remaining 12 days until the elections, a total of five transfers will be made, meaning that social assistance will be delivered approximately every three days.

This is intended to counter the myth that Bolsonaro “doesn’t think about the poor,” even though he has lifted 10 million people out of poverty with liberal economic measures during his four years in office.

This narrative of the PT (left), and Lula da Silva has resonated strongly in society.

The Oct. 2 election results clearly showed this, when the far-left candidate was more than 5 percentage points ahead of the president, with a message aimed at restoring the welfare state and clientelism that Bolsonaro destroyed.

Bolsonaro is counting on reaching the threshold of people most opposed to his electoral program, as an estimated 60% of the people receiving the Auxilio Brasil program were Lula da Silva voters in the first round, mostly based in the Northeast region.

Government assistance is focused primarily on social program recipients, among the country’s most vulnerable populations, especially women, who receive up to 80% of Auxilio Brasil transfers.

The reinforcement of the program launched by Bolsonaro himself in 2020 aims to establish an association between social assistance and the current government, thus banishing the specter of the “Bolsa Familia” program launched by da Silva in 2003.

The second pillar of Bolsonaro’s campaign is Brazil’s rapidly improving economic situation.

The monthly GDP proxy has accelerated sharply since February, inflation has been completely eliminated since July, and the unemployment rate has reached its lowest level since mid-2015.

These results constitute the main political capital for the administration, however large the pandemic.

At the same time, the Bolsonaro administration’s results contrast with the last major non-pandemic recession Brazil suffered between 2015 and 2016 under the last PT government led by former President Dilma Rousseff.

 

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error

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