Senate, Supreme Court decide to blow up Brazil’s federal budget

supreme court pay raise brazil
Justice statue at Supreme Court building, Brasília

Earlier this week, future economic tsar Paulo Guedes talked about “cornering” Congress into approving the unpopular pension reform. Less than 24 hours later, Mr. Guedes was cornered himself, as the Senate passed a 16-percent pay raise for the 11 Supreme Court Justices and the Attorney General – taking their monthly income to BRL 39,300, roughly 42 times the minimum wage in Brazil.

However, the decision will not only impact the 12 people who were granted the raise. It will have a ripple effect on all levels of the public administration and,...

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