Lula wins fourth term in Brazil, becoming the first candidate to overturn a first-round defeat
Luiz Inácio Lula da Silva beat Flávio Bolsonaro by about 4.3 million votes. Bolsonaro says he won't accept the result, and markets fell on fiscal worries.
By Newsheir Staff, Newsroom
· 1 min read
President Luiz Inácio Lula da Silva has won a fourth term as Brazil's president. He took 51.76% of valid votes in the runoff on Sunday, 25 October, against 48.24% for Flávio Bolsonaro, according to the Superior Electoral Court's final count reported by Latin Times. The margin was about 4.3 million votes.
A comeback without precedent
Lula had trailed after the first round, winning 45.16%. France 24 reported that this is the first time in Brazil's democratic history that a candidate who lost the first round has gone on to win the runoff.
Bolsonaro rejects the result
Flávio Bolsonaro, the son of former president Jair Bolsonaro, said he would not accept the result and would mount a legal challenge, CNN reported. Lula thanked voters in a victory speech.
Markets react
Brazilian markets fell after the result, Bloomberg reported, as investors weighed concerns about public finances in Latin America's largest economy.
What comes next
Lula's new term begins on 1 January 2027. Any challenge would go to the electoral court, which certified the count.
Sources and references
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