Tag: Pension reform

• Friday, April 5th 2019 - 09:37 UTC

  Brazilian markets react positively on hopes of progress on pension reform

  

  Most Latin American stock markets and currencies rose on Thursday, with assets in Brazil gaining on hopes of smooth progress on pension reform. Brazilian President Jair Bolsonaro met fellow politicians in a bid to build support to pass his government's proposal to reform the country's bloated pension system, seen by investors as crucial to trim Brazil's wide fiscal deficit.

• Thursday, April 4th 2019 - 09:34 UTC

  Combative exchanges as Brazilian congress debates the pensions' system reform

  

  Brazilian Economy Minister Paulo Guedes on Wednesday put up a vigorous defense of the government’s proposed pension reform, insisting it is critical to fixing the country’s “doomed” social security system but opening the door to some concessions.

• Monday, February 25th 2019 - 08:27 UTC

  Apocalyptic scenario for Brazil if pensions' reform is not approved, warns Economy ministry

  

  Brazil’s Economy Ministry warned that the economy will slip into recession next year and official interest rates could more than double unless Congress approves measures to reduce the deficit in the country’s pension system.

• Thursday, February 21st 2019 - 08:44 UTC

  Bolsonaro presents to Congress his pensions overhaul... Where are the necessary votes?

  

  Brazilian President Jair Bolsonaro delivered his proposed pension overhaul to Congress on Wednesday, aiming to save over 1 trillion reais (US$270 billion) in a decade by changing tax rates, delaying retirement and creating individual savings accounts.

• Thursday, February 14th 2019 - 08:37 UTC

  Bolsonaro back in Brasilia: government should get moving again

  

  Brazil's President Jair Bolsonaro left hospital on Wednesday, ending a 17-day hiatus at the helm of Latin America's biggest economy during which several high-profile political issues were put on the backburner.

• Wednesday, February 13th 2019 - 09:35 UTC

  Growing concerns in Brazil about a power vacuum and cabinet bickering

  

  Brazil is going through a rudderless period as President Jair Bolsonaro lies in a hospital bed following stomach surgery, with high-priority political issues such as pension reform on the backburner until he recovers, analysts and observers say. The limbo, which has lasted more than two weeks, might finally be coming to an end this week, according to reports.

• Wednesday, January 30th 2019 - 09:59 UTC

  Brazil's federal debt increased 8.9% last year and is estimated to rise 11% in 2019

  

  Brazil’s federal debt rose to 3.88 trillion Reais ($1.03 trillion) in December, up 8.9% from 3.56 trillion Reais a year earlier, and is expected to rise further this year, the Brazilian Treasury said. The Treasury predicts public debt this year will swell to somewhere between 4.1 trillion and 4.3 trillion Reais, the upper end of which would represent an increase of almost 11%, it outlined in its annual financing plan.

• Saturday, January 5th 2019 - 08:54 UTC

  Markets disappointed with Bolsonaro's watered down pensions reform

  

  Brazil President Jair Bolsonaro on Friday called for minimum retirement ages significantly lower than those proposed by his predecessor, sparking concerns among investors that he will back watered-down pension reform legislation.

• Wednesday, November 7th 2018 - 08:51 UTC

  Bolsonaro wants pension reform passed before he takes office on January first

  

  Brazil’s right-wing President-elect Jair Bolsonaro said on Tuesday that Congress must make some progress this year on a pension reform proposed by the outgoing government before he takes office on January first.

• Tuesday, February 20th 2018 - 09:43 UTC

  Brazilian government admits crucial pensions' reform will be hard to pass Congress

  

  Brazil’s political affairs minister Carlos Marun said on Monday that passage of a bill to overhaul the country’s costly social security system has effectively ground to a halt in Congress and would become a campaign issue in this year’s election.