Fernando Haddad, Brazil's Minister of Finance, has announced his impending resignation from the federal government, effective next Friday (20). This decision comes as he prepares for a ten-day hiatus before fully engaging in his pre-campaign for the São Paulo governorship. The resignation aligns with his transition from a government role to an electoral campaign, reflecting a strategic shift in his political ambitions.

President Luiz Inácio Lula da Silva invited Haddad to accompany him on an official trip to the United States next month, but the uncertainty regarding the travel schedule led Haddad to decline the invitation. Instead, he prioritizes his focus on the upcoming electoral race. Haddad has confirmed his intention to run in the elections, although he has not specified which position he will contest. Nonetheless, there is strong anticipation among members of his party, the Workers' Party (PT), that he will pursue the governorship of São Paulo.

Despite initially resisting the idea of running for the state government, Haddad has acknowledged discussions with President Lula about potential campaign strategies and objectives. His election campaign is expected to be a significant focus as he aims to unite the party's efforts ahead of the 2026 elections. This transition raises questions about the future direction of the Ministry of Finance and the political landscape in São Paulo as the election approaches.