In 1979 he was appointed by then-Governor Marco Maciel as the mayor of Recife, a position he held until 1982.[2][3]
He was elected vice-governor of Pernambuco in 1986 on the ticket led by former Vice-Governor Roberto Magalhães (PDS), assuming the governorship from 1986 to 1987 due to Magalhães's resignation to run for the Senate. In 1988, he was elected a city councilor of Recife.[2]
In 1990 he was elected a federal deputy for the state of Pernambuco. He served as the Minister of Finance of Brazil during Itamar Franco's administration, taking office on 5 October and leaving on 20 December 1992, serving only two months.[2]
During Fernando Henrique Cardoso's first term as president (1995–1999), he served as the Minister of Urban Development and the Environment. Admitted to the Order of Military Merit in 1994 at the rank of special Commander by Itamar Franco, Krause was promoted in the following year by FHC to the rank of Grand Officer.[4][5]
Currently, he is a political advisor for the DEM. He served as a substitute for Senator Marco Maciel from Pernambuco from 2003 to 2011. Since then, he has not run for political office.
^Brazil, CPDOC-Center for Research and Documentation Contemporary History of. "GUSTAVO KRAUSE GONCALVES SOBRINHO". CPDOC – Center for Research and Documentation of Contemporary History of Brazil (in Brazilian Portuguese). Archived from the original on 31 July 2017. Retrieved 6 July 2020.