Brazilian Socialist Party party did well in the legislative elections, electing 34 deputies and 7 senators. The party later voted in favour of the impeachment of Dilma Rousseff and formed a coalition government with Brazil's new president, Michel Temer. In May 2017, the PSB withdrew its support from Temer and went into opposition. 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
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