Brazil President Bolsonaro to start his own party after quitting PSL

PSL lawmakers Daniel Silveira and Bia Kicis on vember 12 said that President of Brazil, Jair Bolsonaro will quit Social Liberal Party and start a new one of his own by March 2020. lawmakers me statement after meeting President on Tuesday. fractious right-wing, PSL, which Bolsonaro joined as a vehicle to win elections in October, is split down middle over control of party. Yet it is t clear how many of its 53 representatives and three senators will follow or join president. new party which will be reportedly called 'Movimento pelo Brasil', or 'Movement for Brazil' will hold its first meeting on vember 21 to begin its set up. president and PSL founder Lucia Bivar in October argued over leership of party which is said to be handed over to latter's sons which led to split. Brazil's ecomic reform nda is expected to be unaffected by split said analysts to media. Yet a new party could politically weaken Bolsonaro, y ded. Bolsonaro has switched allegiances among eight parties during his 28 years in Congress before joining PSL last year.

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Lower house lawmakers will lose funds if y swap

About 390 million reais ($94 million) is at stake in public campaign funds of PSL for municipal elections. party helped grow Bolsonaro and his followers from a single lawmaker in Congress to country's second-largest bench. At same time, lower house lawmakers are subject to rules that bar m from continued access to campaign funding if y swap parties. This excludes senators, goverrs, and mayors in Brazil. While 500,000 signatures are needed for a new party, Bolspnaro's supporters plan to achieve that through a social media campaigning. platform also helped Bolsonaro be successful in presidential run for president last year.

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PSL members divided over joining Bolsonaro

Speaking about situation, Bia Kicis said media that several representatives plan to follow president. y are prepared to lose campaign funds because y want to found a new party to follow him. Yet re are ors like Senator Soraya Thronicke from farm-state of Mato Grosso whoa re t certain. She said media that if she stayed in PSL, only one senator would follow Bolsonaro, his son Flavio Bolsonaro. 

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(With inputs from ncies)