IBOV 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% USD/BRL5.22▲ 0.17% USD/MXN18.12▼ 0.27% USD/CLP988.38▼ 0.21% USD/COP3,263▲ 0.27% USD/PEN3.44▲ 0.10% USD/ARS1,524▼ 0.04% USD/UYU40.46— 0.00% USD/PYG5,821— 0.00% USD/BOB11.93▲ 1.99% USD/DOP59.75▼ 0.25% USD/CRC456.38— 0.00% USD/GTQ7.64— 0.00% USD/HNL26.86— 0.00% USD/NIO36.62— 0.00% USD/VES869.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD 157.28 — 0.00% USD/TTD6.69— 0.00% EUR/BRL5.86▼ 0.43% 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 192,114.55 ▲ 2.63% IPSA 10,916.57 ▲ 0.08% IPC MEX 64,531.68 ▲ 1.10% MERVAL 2,767,663 ▲ 0.32% COLCAP 2,515.02 ▼ 0.59% BVL PERÚ 59,751.67 ▲ 0.18% 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%
since 2009
Monday, October 5, 2026

Brazil Politics - Brazil

Governor Tarcísio Tests National Stage as Bolsonaro Succession Debate Grows

By · August 24, 2025 · 3 min read

The government of São Paulo confirmed that Governor Tarcísio de Freitas is weighing two possible paths for 2026: re-election in the state or a presidential campaign.

Brazilian electoral law requires any sitting governor to resign six months before the vote if he chooses to run for president, which sets an April 2026 deadline.

Tarcísio, who won São Paulo in 2022 with support from Jair Bolsonaro, has shifted from firmly rejecting a national bid to quietly preparing for it. He speaks openly with allies about the possibility while stressing loyalty to Bolsonaro.

Publicly, he insists he prefers to stay in São Paulo, but political advisers and business leaders recognize that national ambition now plays a role in his decisions.

He has intensified trips through the interior with his “Caravana 3D” program, which distributes investments aligned with local priorities.

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In the Sorocaba region, his government announced more than R$ 2.1 billion ($380 million) in new spending.

Across São Paulo, his administration counts more than R$ 350 ($64) billion in contracted investments since 2023.

He also completed the privatization of Sabesp in 2024, raising R$ 14.8 billion and reducing the state’s share from 50.3% to 18.3%. Tarcísio’s speeches now adopt sharper criticism of President Luiz Inácio Lula da Silva.

Governor Tarcísio Tests National Stage as Bolsonaro Succession Debate Grows
Governor Tarcísio Tests National Stage as Bolsonaro Succession Debate Grows
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At a financial sector forum hosted by BTG Pactual, he declared that Brazil “cannot take Lula anymore,” citing frustration with spending, taxes, and corruption.

This harder line marks a break from the beginning of his governorship, when he promised limited confrontation with Brasília.

Governor Tarcísio Tests National Stage as Bolsonaro Succession Debate Grows

At the same time, his gestures of loyalty to Bolsonaro remain visible. During the Barretos rodeo, he held a large Bolsonaro doll and spoke of injustice against the former president. Social media videos of the scene circulated widely.

But leaked Federal Police documents revealed messages from Eduardo Bolsonaro showing unease about Tarcísio as a successor, underscoring internal rivalries within the Bolsonaro camp.

Bolsonaro Withholds Backing of São Paulo Governor as Tarcísio Loses Ground on Brazil’s Right

Bolsonaro’s house arrest since August 4 has added urgency to the succession question. Business leaders and centrist politicians now consider Tarcísio the most viable non-PT name if the right consolidates.

However, allies admit he will only run if the conditions align: explicit Bolsonaro support, backing from major center-right parties, and a favorable public mood against Lula.

Opinion polls in August 2025 show Lula still leading all tested rivals, including Tarcísio. The numbers confirm that any opposition candidate faces a difficult contest against a president with long electoral experience.

For now, Tarcísio advances cautiously, building national visibility while keeping open the option of re-election in São Paulo.

This article was drafted with automated assistance and reviewed before publication. How we use AI · Report an error · Editorial responsibility: Matthias Camenzind, Editor-in-Chief

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