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Latino Daily News

Sunday October 31, 2010

Brazil’s Ruling Party Candidate Dilma Rousseff a Clear Favorite Today in the Presidential Runoff

Rousseff has not only benefited from President Luiz Inacio Lula Da Silva’s fantastic popularity, but from a thriving economy as well. Both Rousseff and Jose Serra, the two leading candidates support the current economic policies that have made Brazil one of the world’s fastest growing economies.

One are in which the two disagree is in the area of fiscal discipline. Serra of the Brazilian Social Democracy Party has proposed increasing the minimum monthly salary to 600 reals ($349) from the current 510 reals, expanding the social welfare program and boosting pension pay by 10%.

Rousseff, whose Workers Party has strong ties to the public sector unions, has campaigned on maintaining current fiscal discipline with very gradual adjustments but has not supported any strong austerity measures.

Rousseff fell short of the 50 percent she needed to win the first round on Oct 3, sending the election into today’s runoff.