February 21, 2019 / 12:57 AM / a month ago

Brazil economy minister Guedes optimistic pension reform will pass

BRASILIA, Feb 20 (Reuters) - Brazil’s Economy Minister Paulo Guedes said he is “pretty optimistic” that a “mature” Brazilian Congress will approve without too many changes the pension reform proposal that he unveiled on Wednesday.

“I am not seeing much resistance from the enlightened political class because they have realized that this is the path to get Brazil growing, create jobs and reduced inequalities,” he said in a television interview. Guedes expects to achieve fiscal savings of 1.15 trillion reais ($308.70 billion) over 10 years if the bill is not changed by Congress. ($1 = 3.7253 reais) (Reporting by Anthony Boadle; Editing by Sandra Maler)

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