Brazilian Socialist Party Brazilian Socialist Party The Brazilian Socialist Party (, PSB) is a political party in Brazil. It was founded in 1947, before being abolished by the military regime in 1965 and re-organised in 1985 with the re-democratisation of Brazil. It elected six Governors in 2010, becoming the second largest party in number of state governments, behind only PSDB. In addition to that, it won 34 seats in the Chamber of Deputies and three seats in the Senate, besides having been a member of the "For Brazil to Keep on Changing" coalition, which elected Dilma Rousseff as President of Brazil. In 2014
Impeachment of Dilma Rousseff and were contracted in official financial institutions with neither the necessary legislative authorization, nor targets which complied with the Lei de Responsabilidade Fiscal (Fiscal Responsibility Law) and the . To obtain these additional credits, the target of 2014 was reduced by the end of 2014 by R$67 billion (US$25 billion) at the request of the president. Rousseff allegedly committed similar crimes of fiscal irresponsibility in 2015. She further issued such decrees in the years 2014 and 2015 to authorize the opening credit precisely to, purportedly, allow the provision of additional resources despite it being known that the primary "superavit" target