April 21, 2021

Bolsonaro celebrates the first step of its pension reform

The president of Brazil, Jair Bolsonaro, celebrated on Wednesday the approval in the first vote in the plenary session of the Chamber of Deputies of the pension and retirement reform that he presented at the beginning of his term and which constitutes his main legislative initiative.

"Great day," the right-wing leader said in a message on his Twitter account after having accompanied the vote on the constitutional amendment in Congress on television in his office.

"I congratulate the Chamber of Deputies for the approval, in the first round, by 379 votes in favor and 131 against, of the constitutional amendment that institutes a new retirement system, Brazil is closer to entering the path of employment and prosperity, "added the head of state in the same social network.

According to spokespersons of the Presidency, Bolsonaro was pending all day of the debates in Congress, constantly exchanged messages on WhatsApp with the Government spokesmen in Congress and attended the voting on television.

The text approved this Wednesday is the legal framework of the reform, but the plenary of the House will still have to vote on amendments and proposals that can adjust or demolish some of the voted norms.

Once these cases are resolved, the plenary session of the Deputies will submit the retouched project to a new vote, probably this week or at the beginning of the next one, and, if it approves it again by a minimum of 308 votes (after fifth parts of its 513 members ), may send it to the Senate, which will examine it during the second semester of this year.

The reform proposes to toughen the access to the retirements with the objective of generating a fiscal saving equivalent to about 265,000 million dollars in ten years.

The project aims to reduce spending with a pension system that the government considers "bankrupt", end a chronic deficit of the public sector and free resources for investment in key areas.

To achieve this goal, the project sets a minimum age for access to retirement, which until now is not required in Brazil and that would be 62 years for women and 65 for men.

The reform, therefore, is the great bet of the first right-wing government that has the country to try to rebuild an economy that between 2015 and 2016 lost seven percentage points, which grew at an insufficient rate of 1% per year in 2017 and 2018 and that this year it is feared that it could fall back into a recession.

(tagsToTranslate) Bolsonaro (t) celebrates (t) first (t) reform (t) retirements

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