Explainer: Lula da Silva Secures Historic 4th Term In Brazil, Defeats Jair Bolsonaro | Brazil Polls
By India Today
Luiz Inácio Lula da Silva secured a historic fourth presidential term in Brazil, overturning a first-round deficit to defeat Flávio Bolsonaro in the runoff with 51.79% of the vote. Lula credited young voters, student demonstrations, and social media outreach for reversing the momentum. Flávio Bolsonaro challenged the…
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Budget deficit
The amount by which a government's spending exceeds its revenue in a given year, covered by borrowing.
Persistent deficits add to public debt and can raise the cost of future borrowing.
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