April 2017

27Apr

Brazil. Pension reform will avoid “radical” measures, says minister

Reform of Social Security During seminar, holder of the Ministry of Planning, Budget and Management said that the proposal of the federal government is "gradual." Without change, budget will be "unfeasible" Aimed by the government as essential for sustainability of public accounts, pension reform will prevent "radical" solutions from being taken in the future to contain the system's deficit. With the change of the rules of retirement, the Minister of Planning, Budget and Management, Dyogo Oliveira, said on Tuesday (25) that...

April 27, 2017
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19Apr

Brazil waters down pension reform as protests turn violent

Brazilian President Michel Temer on Tuesday made new concessions to ease passage of an unpopular pension reform bill, leading police unions to try and invade Congress in the latest angry demonstration from a labor group. The watered-down proposal, which has faced pressure from skittish lawmakers, has raised doubts among investors about how close it will come to the original goal of narrowing a huge and growing budget deficit. After the details of the new proposal were revealed on Tuesday, protesting police...

April 19, 2017
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07Apr

Brazil government sees no risk to austerity in pension reform changes

Proposed changes to the Brazilian government's pension reform proposal do not threaten an ongoing overhaul of government finances, the finance ministry said in a statement on Thursday. Brazil's real weakened and local stocks fell on Thursday over doubts whether President Michel Temer will be able to secure approval for a pension reform designed to rebalance the country's depleted accounts. Full Content: Reuters Remember to subscribe to our free weekly newsletter for more news or subscribe to our service to get unlimited access.

April 7, 2017
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March 2017

23Mar

Temer Backs Off and Shrinks Pension Reform in Brazil

The debate on the pension reform in Brazil presents today a new face, after in an unsuspected turn of his number one driving force, president Michel Temer, decided to limit the reform to federal employees. Shielded by the need of obeying the autonomy of the states and to strengthen the federation principle, Temer announced last night that the Constitutional Amendment proposed (PEC 287) which he sent last December to Congress and caused enormous discontent will be limited only to the federal...

March 23, 2017
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