Brazil Daily

Can BRL 1 billion buy a pension reform?

In today’s issue: Can Bolsonaro buy a pension reform with BRL 1 billion? Police officers arrested for the murder of Marielle Franco. 


Can BRL 1 billion buy a pension reform?

President Jair Bolsonaro has resorted to the methods of “old politics” of which he has been so critical, announcing that the government will authorize the financing of congressional

budgetary amendments that amount to BRL 1bn. These are instruments that give congressmen some discretion over the federal budget, which they normally apply in their constituencies. It has also become a classic bargaining chip in Brasília politics, as administrations control this...

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