Bolsonaro Campaign Rules Out Privatizations and Vows to Protect Social Programs While Citing R$200 Billion Fiscal Target

Overview

• The campaign’s economic coordinator, Adolfo Sachsida, said in a video on Thursday, October 8, 2026, that Banco do Brasil, Caixa and Petrobras will not be privatized and that social benefits such as Bolsa Família and the BPC will be preserved and strengthened.
• Sachsida framed the needed fiscal adjustment as targeting government “excesses,” naming very high public salaries and the current 39 ministries as examples of savings to pursue.
• The campaign continues to cite a headline target of roughly R$200 billion (about 1.5% of GDP) for consolidation but has not published an itemized plan or numbers showing how proposed measures would reach that total.
• Messages in the video also promised lower taxes and less bureaucracy for entrepreneurs, respect for public servants, and urged voters not to trust what Sachsida called fake news while directing people to the campaign site for details.
• The statements are meant to reassure beneficiaries and state-company workers ahead of the runoff but the proposals involve politically and legally complex changes that require detailed costing to be credible and to show potential effects on public services and budgets.