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Brazil’s government makes minor concessions ahead of pension reform vote – media



A Brazilian congressional committee could vote on Tuesday on a highly anticipated pension reform bill after the government agreed to alter certain minor provisions, several local newspapers reported on Tuesday.

The government hopes the pension reform will save some 1.6 trillion reais (407.15 billion dollars) in the decade after its approval.

The modifications should not affect the amount of money saved, newspaper O Globo reported on Tuesday.
Pension reform is considered essential by economists to balance the budget of Brazil’s ever-growing fiscal deficit and was a key proposal of President Jair Bolsonaro’s election campaign.

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The government had lost momentum on the reform in recent days, even as key economic indicators have worsened.

The vote by the Congressional Constitutional and Legal Affairs Committee was already scheduled for Tuesday, but the government took the extra step to ensure the vote will take place.

Opponents of the bill have also sued, trying to obtain an injunction that will prevent the vote from happening, newspaper O Estado de S. Paulo reported. (Reuters/NAN)

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