IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL5.65▲ 1.12% USD/MXN18.59▼ 0.06% USD/CLP994.00▲ 1.14% USD/COP3,303▼ 0.13% USD/PEN3.41▼ 0.03% USD/ARS1,545▲ 0.03% USD/UYU40.52▲ 3.32% USD/PYG6,185▲ 3.33% USD/BOB11.60▲ 0.86% USD/DOP60.50▲ 0.08% USD/CRC445.25▲ 1.62% USD/GTQ7.65▲ 3.31% USD/HNL26.90▲ 3.30% USD/NIO36.62▲ 2.73% USD/VES902.19▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.09▲ 2.15% USD/TTD6.71▲ 2.19% EUR/BRL6.25▲ 0.26% BRENT 95.92 ▲ 3.41% WTI 88.80 ▲ 2.62% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.22% GOLD 3,880 ▼ 3.01% SILVER 49.91 ▼ 3.81% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 3.53% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42% IBOV 171,324.31 ▼ 0.43% IPC MEX 71,674.32 ▼ 0.46% MERVAL 2,848,945 — — USD/BRL 5.65 ▲ 1.12% USD/MXN 18.59 ▼ 0.06% USD/CLP 994.00 ▲ 1.14% USD/COP 3,303 ▼ 0.13% USD/PEN 3.41 ▼ 0.03% USD/ARS 1,545 ▲ 0.03% USD/UYU 40.52 ▲ 3.32% USD/PYG 6,185 ▲ 3.33% USD/BOB 11.60 ▲ 0.86% USD/DOP 60.50 ▲ 0.08% USD/CRC 445.25 ▲ 1.62% USD/GTQ 7.65 ▲ 3.31% USD/HNL 26.90 ▲ 3.30% USD/NIO 36.62 ▲ 2.73% USD/VES 902.19 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.09 ▲ 2.15% USD/TTD 6.71 ▲ 2.19% EUR/BRL 6.25 ▲ 0.26% BRENT 95.92 ▲ 3.41% WTI 88.80 ▲ 2.62% IRON ORE 161.91 — — COPPER 6.20 ▼ 1.22% GOLD 3,880 ▼ 3.01% SILVER 49.91 ▼ 3.81% SOY 1,220 ▼ 0.77% CORN 442.25 ▼ 1.28% WHEAT 582.50 ▼ 2.84% COFFEE 275.10 ▲ 2.27% SUGAR 18.22 ▼ 1.41% ORANGE JUICE 140.60 ▼ 3.53% COTTON 78.56 ▲ 0.05% COCOA 5,187 ▲ 5.71% BEEF 223.05 ▲ 1.86% CATTLE 331.80 ▼ 0.25% LITHIUM 59.43 ▼ 2.69% PETR4 44.70 ▲ 2.64% VALE3 63.95 ▼ 0.75% ITUB4 41.68 ▼ 0.10% BBDC4 14.32 ▼ 0.07% ABEV3 15.75 ▼ 0.63% BBAS3 15.48 ▼ 8.35% B3SA3 14.76 ▼ 0.27% WEGE3 51.65 ▲ 0.08% PRIO3 63.30 ▲ 2.98% SUZB3 56.04 ▲ 4.16% RENT3 29.58 ▼ 2.18% AZZA3 16.90 ▲ 9.95% CSAN3 2.85 ▼ 5.94% RAIZ4 0.30 ▼ 98.60% PCAR3 2.39 ▼ 5.91% GMAT3 3.84 ▼ 5.88% PSSA3 45.94 ▼ 0.09% CVCB3 0.84 ▼ 2.33% POSI3 3.37 ▲ 1.51% SLCE3 18.36 ▲ 7.68% NATU3 5.33 ▼ 5.16% BRKM5 3.07 ▲ 5.14% RANI3 8.18 ▼ 2.50% CSNA3 4.23 ▼ 6.42%
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Thursday, November 12, 2026

Brazil Politics - Brazil

Bolsonaro Hints at Approval of R$2 Billion Electoral Fund

By · · 2 min read

RIO DE JANEIRO, BRAZIL – President Jair Bolsonaro signaled on Friday, January 10th, that he will sanction the bill passed by Congress in December, which allocates R$2 billion (US$500 million) to the Electoral Fund.

Under pressure from demonstrators shouting against the ‘fundão’, (‘big fund’ which doubles the public funds allocated to election campaigns) Bolsonaro launched a campaign to prevent the population from voting for candidates who use public money in their campaigns.

President Jair Bolsonaro signaled on Friday, January 10th, that he will sanction the bill approved by Congress in December, which allocates R$2 billion (US$500 million) to the Electoral Fund.
President Jair Bolsonaro signaled on Friday, January 10th, that he will sanction the bill passed by Congress in December, which allocates R$2 billion (US$500 million) to the Electoral Fund.
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“I have a difficult moment ahead of me, which is the R$2 billion from the ‘fundão’. I launch the campaign here: don’t vote for a legislator who uses the ‘fundão’,” the president said during the inauguration of the new emergency room at Santa Casa de Misericórdia de Santos, on the São Paulo coast.

Bolsonaro has been pressured by his supporters since the bill came into his hands to be sanctioned. The amount of R$2 billion was negotiated by the government with Congress. The president may sanction or veto the controversial bill.

The president again used the 1950 Impeachment Law to justify a decision that went against his campaign speech and the will of his voters. “The password is out. The ‘fundão’ is a law that was born in 2017 and I have to fulfill it. If I don’t, I’ll be violating Article 87 of the Constitution and the Impeachment Law of 1950, and I’m not going to give that to the opposition,” he justified.

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The electoral fund is supplied with money from the National Treasury and is intended to finance political campaigns. It was established in 2017 to offset the losses imposed by a Federal Supreme Court (STF) ruling that, two years earlier, had prohibited donations from legal entities for election campaigns.

The distribution of funds to candidates is at the discretion of each party’s leadership, which in general favor incumbent politicians rather than newcomers.

This article was produced by The Rio Times’ automated AI newsroom. Editorial responsibility: Matthias Camenzind, Publisher and Editor-in-Chief. The Rio Times also runs Ask Rio Times, which answers from 100,000+ of our own articles, the daily Latin America Power Map, and prediction-market odds on elections and markets.. How we use AI · Report an error

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