Bolsonaro’s party concedes defeat as he vows to lead opposition in Brazil

Flávio Bolsonaro’s Liberal Party (PL by its Portuguese initials) conceded defeat to President Luiz Inácio “Lula” da Silva on Monday, in a statement signed by party president Valdemar Costa Neto. However, they said an “increase in public spending on social benefits” implemented by Da Silva after the October 4 general election — in which Bolsonaro ended first — may have benefitted the winner on Sunday. “We recognize the presidential result, as proclaimed by the Superior Electoral Court, but we believe that the questions raised need to be clarified within a duly balanced and democratic political…