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Montevideo, November 14th 2024 - 15:50 UTC

 

 

Bad start for Bolsonaro: Temer signs 16% pay raise for Justices, which is a benchmark for other public sector

Tuesday, November 27th 2018 - 09:51 UTC
Full article 8 comments
The bill signed by Temer serves as a benchmark for other public sector pay and the hike will add an estimated US$ 1 billion) to the government's deficit The bill signed by Temer serves as a benchmark for other public sector pay and the hike will add an estimated US$ 1 billion) to the government's deficit
Bolsonaro, who will inherit a gaping deficit when he takes office, said earlier this month that this was “not the moment” to approve public sector pay increases. Bolsonaro, who will inherit a gaping deficit when he takes office, said earlier this month that this was “not the moment” to approve public sector pay increases.

Brazil’s exiting President Michel Temer signed into law a 16% pay raise for Supreme Court justices on Monday, disregarding a request from his President-elect Jair Bolsonaro that he veto the bill to avoid increasing next year’s budget deficit.

The top court salaries serve as a benchmark for other public sector pay and the hike will add an estimated 4 billion reais (US$ 1 billion) to the deficit that Bolsonaro’s economic team has promised to balance in one year.

Bolsonaro, who will inherit a gaping deficit when he takes office on Jan. 1, said earlier this month that this was “not the moment” to approve public sector pay increases.

Bolsonaro’s economic team, led by University of Chicago-trained economist Paulo Guedes, plans to make a new proposal for overhauling the costly pension system, one of the main causes of the deficit that is driving up the country’s public debt. Temer failed to get pension reform through Congress.

Political sources in Brasilia indicated that allegedly Temer was unable to obtain Bolsonaro's word that he would have been named as the future ambassador in Italy. Temer will be facing several corruption charges when he steps down from office.

Categories: Economy, Politics, Brazil.
Tags: Brazil, Brazil pension system, Brazilian Supreme Court, Jair Bolsonaro, Michel Temer, Paulo Guedes.

Top Comments

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  • :o))

    REF: “Political sources in Brasilia indicated that allegedly Temer was unable to obtain Bolsonaro's word that he would have been named as the future ambassador in Italy. Temer will be facing several corruption charges when he steps down from office”

    Poor Temer! He had to decide if he should Boot-Lick the Supreme Court justices [to escape from the accusations with milder sentences] or to Boot-Lick the incoming president [who may or may not offer him diplomatic immunity by appointing him as the Ambassador of Brazil ].

    Nov 27th, 2018 - 08:06 am +3
  • :o))

    @DT

    Looks like the Mutual Confidence-Level between Temer & Bolso is between Zero and Nil.

    Bolso may be pretending to be Hard-To-Get to receive “Greater [$] Benefits” from the outgoing president.

    Also there is a pending question about how well whose backside is better protected & by who. Of course, both will have winning-cards hidden up their cracks.

    So, luck [+ mass-support] being on the side of Bolso; Temer obviously bets on his Boot-Licking of The Justices [who can more easily be corrupted].

    Less discreetly; the Final Question is:

    Out of Bolso or Justices; who is likely to be cheaper to get away with his [Temer's] Lifetime Loot?

    Nov 27th, 2018 - 03:19 pm +1
  • Brasileiro

    Bandits like Bolsonaro hire gunmen like Temer to do the job. In return thief Temer will leave with an embassy that is very far from Justice.

    Nov 27th, 2018 - 03:45 pm +1
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