Brazilian pension reform bill clears first hurdle in Congress

A pension reform proposed by President Michel Temer that would add more than a decade to Brazilians’ working lives will be debated in Congress after an overnight vote that laid bare divisions among lawmakers over the plan.

Pension reform is the next move by Temer to bring a widening budget deficit under control after he won approval from lawmakers on Tuesday to cap increases in public spending at the rate of inflation for 20 years.

Read more

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Powered by

Up ↑

%d bloggers like this: