April 10, 2019 / 2:10 PM / a year ago

Brazil will need to keep cutting spending, even if pension reform approved

NEW YORK, April 10 (Reuters) - Brazil will still need to slash public spending, particularly government salaries, even if Congress approves a strong pension reform bill delivering a high level of savings, Treasury Secretary Mansueto Almeida said on Wednesday.

Speaking at a conference in New York, Almeida said that pension reform is a difficult process but support in Congress is strong and the government is “learning” to negotiate with lawmakers. Almeida also said the minimum wage must be capped but defended a controversial pay rise for army generals as “fair”. (Reporting by Jamie McGeever Editing by Chizu Nomiyama)

Nuestros Estándares:Los principios Thomson Reuters
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below