Brazil’s presidential election is heading for a runoff on October 25 after neither President Luiz Inácio Lula da Silva nor Senator Flávio Bolsonaro secured the majority needed for an outright first-round victory.

With nearly all votes counted, Bolsonaro finished narrowly ahead of Lula, taking about 47% of the valid vote against roughly 45% for the incumbent.

The result sets up a closely fought second round in Latin America’s largest economy. Brazil’s electoral system requires a candidate to win more than half of the valid votes to avoid a runoff, leaving the two leading candidates to compete again after failing to cross that threshold.

The next presidential term is due to begin on January 5, 2027.

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A runoff awaits

2026 Brazilian Presidential Election | X (@ElectionsStats)
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2026 Brazilian Presidential Election | X (@ElectionsStats)

The contest is more than a straight choice between two politicians. It has become a vote on the direction of Brazil’s politics.

Lula, 80, is seeking a fourth non-consecutive term and is defending his record on social welfare while facing voter concerns over affordability and corruption.

Flávio Bolsonaro, 45, is the son of former president Jair Bolsonaro and has presented himself as the candidate for political change, tougher action against criminal groups, and closer ties with US President Donald Trump.

“Brazil wants change; that’s the reading of what happened today,” Bolsonaro said after the result.

Lula, acknowledging that the outcome was unexpected, said, “Tomorrow we start a new campaign.” Both now have three weeks to win over voters who backed other candidates in the first round.

Institutional stakes

After an unexpected first-round result, Lula and Flávio Bolsonaro have three weeks to turn the Brazil election into a decisive second act | X (@Real_Politik101)
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After an unexpected first-round result, Lula and Flávio Bolsonaro have three weeks to turn the Brazil election into a decisive second act | X (@Real_Politik101)

That second-round fight also has a wider institutional dimension.

Brazil’s next president would inherit an unusually large backlog of appointments to powerful institutions, including the Supreme Court, central bank, and economic regulators.

Two central bank board seats have been vacant since January, while a Supreme Court vacancy has lasted nearly a year after senators rejected Lula’s nominee Jorge Messias.

The securities regulator CVM has also faced vacancies since late 2024, while the antitrust watchdog Cade is operating close to its minimum quorum.

The delays reflect the growing political influence of Congress, where nominee confirmations have increasingly become a tool of negotiation.

The next president could have a significant opportunity to shape institutions responsible for monetary policy, financial oversight, and constitutional interpretation, although appointments still depend on the Senate confirmation process.

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Power in Brazil no longer sits in one place

The next president of Brazil will need to work with a stronger Congress | X (@g_s_world)
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The next president of Brazil will need to work with a stronger Congress | X (@g_s_world)

The institutional question is tied to a broader shift in Brazil’s balance of power. Congress has gained greater control over public spending and the legislative agenda, reducing the room traditionally enjoyed by the presidency.

Congressional earmarks rose from 7.5% of effective federal discretionary spending in 2018 to 21% in 2025, according to Planning Ministry data.

The contrast is also visible in lawmaking. In 2025, Congress approved far more bills introduced by legislators than by the executive branch, reversing the pattern seen during Lula’s second term in 2007.

The October 25 runoff will therefore decide not only who occupies the Planalto Palace. It will also determine how the next president works with Congress and how much influence the administration may have over Brazil’s key institutions.