Fernando Haddad in the context of "Jair Bolsonaro"

The Ministry of Finance (Portuguese: Ministério da Fazenda) was created in 1808 with the title Secretaria de Estado dos Negócios do Brasil e da Fazenda. The ministry is responsible for formulating and implementing the country's economic, fiscal and financial policy under the President's supervision. As of 1 January 2023, Fernando Haddad is the Minister of Finance.

General elections were held in Brazil on 7 October 2018 to elect the president, National Congress and state governors. As no candidate in the presidential election (and for the gubernatorial election in some states) received more than 50% of the vote in the first round, a runoff round was held of those offices on 28 October. On that day, right-wing outsider candidate Jair Bolsonaro defeated leftist Fernando Haddad and was elected President of Brazil.

The election occurred during a tumultuous time in Brazilian politics. Narrowly re-elected in 2014, President Dilma Rousseff of the centre-left Workers' Party (PT), which had dominated Brazilian politics since 2002, was impeached in 2016. Replacing her was her Vice President, Michel Temer of the centre-right Brazilian Democratic Movement Party. Temer, whose age of 75 at inauguration made him the oldest to ever take office, broke sharply with his predecessor's policies and amended the constitution to freeze public spending. He was extraordinarily unpopular, reaching an approval rating of 7% versus 76% in favor of his resignation. Despite mass demonstrations against his governance, including a 2017 general strike and a 2018 truck drivers' strike, Temer refused to step down and served the duration of his term in office. Due to being convicted of breaking campaign finance laws, Temer was ineligible to run in 2018.