Brazil’s pension reform to be unveiled by Jan. 7

Brazil’s Economy Minister Paulo Guedes is expected to unveil by Monday (Jan. 7) the bill for the country’s pension reform to be proposed by President Jair Bolsonaro and submitted to Congress, where the proposal is expected to be considered after recess is over, in February.

The information was confirmed by Chief of Staff Onyx Lorenzoni shortly after Bolsonaro’s first cabinet meeting. “We’ll carry out the reform,” he said.

The new president’s staff has admitted the overhaul may take different forms, and may use parts of the text that had been handed in by former President Michel Temer.

After taking office, Paulo Guedes said yesterday (2) that his administration will be founded on four pillars: the pension reform, the opening of the economy, the simplification of taxes, and privatizations.