Brazil's Haddad says Durigan likely to replace him as finance minister

March 10, 2026 9:19 AM EDT

Brazil's Executive Secretary of the Ministry of Finance Dario Durigan gestures during a ceremony to launch a digital platform for tax reform in Brasilia, Brazil January 13, 2026. REUTERS/Adriano Machado

SAO PAULO, ‌March 10 (Reuters) - ​Brazil's ​Finance Minister Fernando Haddad confirmed on ‌Tuesday that he will step ⁠down next week and said ‌that his deputy, Dario ‌Durigan, is likely to succeed him.

A formal announcement on ​who will take over the ministry, however, is ⁠up to President Luiz Inacio Lula ​da Silva, Haddad told reporters in Brasilia.

"Dario has a ​very good relationship ‌with the president, one of great trust... ⁠He is a great public administrator," said Haddad, who ⁠had previously announced he would leave ​his role ahead of Brazil's general elections in October.

Haddad is expected to ‌run for governor of Sao Paulo state, ‌four sources told Reuters ⁠earlier this ‌week.

(Reporting by ​Isabel Teles and Marcela Ayres; Editing by Gabriel ‌Araujo)



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