EXCLUSIVE: Brazil's Lula weighs VP Alckmin as next finance minister to woo centrist voters - Reuters

Brazilian President Luiz Inácio Lula da Silva is reportedly considering a change in his economic team should he win a second term, with Vice President Geraldo Alckmin being floated as a possible successor to the finance ministry. The suggestion has emerged as Lula’s campaign seeks to broaden its appeal ahead of the upcoming presidential election.

According to two sources familiar with the proposal, Lula’s team is evaluating Alckmin for the finance portfolio if the president is re‑elected. The move would involve Alckmin leaving the vice‑presidency to take charge of the country’s fiscal policy, a shift that would be announced after the election results are confirmed.

The consideration of Alckmin is aimed at reinforcing the administration’s fiscal credibility and attracting centrist voters. The strategy follows a stronger-than‑expected performance by Senator Flávio Bolsonaro in the first‑round vote, which highlighted the importance of winning over moderate constituencies.

Alckmin, a former governor of São Paulo and a long‑time figure in Brazil’s centrist political sphere, has served as vice president since Lula’s inauguration. His experience in state administration and his reputation for moderate policies are seen as assets that could reassure markets and voters concerned about economic management.

If the proposal proceeds, it would represent a notable reshuffle of the government’s economic leadership and could influence the dynamics of the presidential race by signaling a commitment to fiscal stability while courting the political centre. The decision is expected to be finalized after the election outcome is determined.