Power

Government aims to cut red tape by altering labor regulations

Government aims to cut red tape by altering labor regulations
Photo: Marcos Corrêa/PR

The Jair Bolsonaro government’s economic team—led by the ultra-liberal Economy Minister Paulo Guedes—set out some fundamental pillars at the beginning of the year around which its work has been centered. The first is to reshuffle Brazil’s macroeconomic environment by way of sweeping reforms to the pensions and tax systems. Another is to reduce the size of the state, selling off public assets in a bid to cut costs. And finally, the ministry seeks to slash bureaucracy for the private sector, to create a “pro-business” environment which could attract investments.

In the latest step toward reducing bureaucracy, the government has...

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