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Brazil's Federative Pact Proposes Significant Changes to State
Measures will affect government worker salaries, pass on US$100 billion to state and cities and weaken BNDES
Nov.6.2019 11:45AM
BRASÍLIA
President Jair Bolsonaro (PSL) and Minister Paulo Guedes (Economy) sent to the Senate a package that proposes the most extensive restructuring of the Brazilian state in decades, according to economists.
Three PECs (proposals to amend the Constitution) were delivered. One of them foresees a reduction of up to 25% of the workload and salary of Union, state, or municipal employees if they enter a fiscal emergency.
FILE PHOTO: Brazil's President Jair Bolsonaro greets Brazil's Economy Minister Paulo Guedes during a meeting to deliver the economic reform package at the National Congress in Brasilia, Brazil, November 5, 2019. REUTERS/Adriano Machado/File Photo - REUTERS
In this scenario, readjustments, job creation, and public tenders would be slashed.
Guedes estimates to save R$ 50 billion (US$ 12 billion) over ten years, including the reduction of tax benefits.
More:
https://www1.folha.uol.com.br/internacional/en/business/2019/11/brazils-federative-pact-proposes-significant-changes-to-state.shtml
(The image would seem to reveal he has raped his members psychologically, too, just like someone else we know.)