On Wednesday, the former president of Brazil, Michel Temer (2016 – 2018) declared in a lecture promoted by LIDE in London, that this year’s presidential election in Brazil will be decided by economic factors. Temer acknowledged that the election is polarized between current president Jair Bolsonaro and former president Luís Inácio Lula da Silva, but he said that the outcome is still uncertain.
“With three months left of the campaign, a lot can change in that period. When I was president, I remember, it had been two and a half years since the Bolsa Família, a main benefit in the country, had been increased. And there are about 14 million families benefiting from it. I then approved a 12.5% increase. This makes a big difference to the population receiving it. But a survey would be needed to find out whether those who had benefits’ increase will change their vote or not,” said the former president.
Michel Temer’s lecture, held at the Royal College of Surgeons of England in conversation with Michael Stott, Financial Times Latin America editor, was attended by 60 English and Brazilian businessmen.
“LIDE has a series of initiatives that regularly discuss key issues for the public and private sectors. And the importance of discussing these topics here in the UK, and sharing information, is to show international investors that Brazil is still a viable option for investment, despite the current political scenario. Hearing the point of view of former President Michel Temer, who knows the political-economic scenario in Brazil like few others, was a unique opportunity,” said Breno Silva, president of the group of business leaders, LIDE, in the United Kingdom, since 2020.
With less than 100 days left until Brazilian voters go to the polls to choose senators, governors, and president in the October 2 elections, Michel Temer also addressed the need to focus the final stretch of the electoral campaign on effective proposals.
“There has to be a campaign that is very adequate and conducted in a calm way, not only of a personal nature but a campaign guided by projects. It must be a discussion of ideas, of programs and projects… not a clash of a personal nature,” said Temer.