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Opinion, by Michael Royster

RIO DE JANEIRO, BRAZIL – In 2015, Brazil’s Supreme Court (STF) declared unconstitutional the statute permitting companies to contribute to Brazilian election campaigns. In 2017 Congress created a “Fundo Eleitoral” (Campaign Fund) designed to finance the 2018 election campaign.

This Campaign Fund is in addition to a long-standing “Fundo Partidário” (Party Fund) whereby all registered political parties receive R$0.35 per registered voter in federal funds every year to support their day-to-day activities.

In 2018, the Campaign Fund will be R$1.7 billion, and the Party Fund will be almost . . .

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