(Bloomberg) — Brazil’s Senate took the final step in the approval of a long-awaited pension reform that’s the centerpiece of President Jair Bolsonaro’s plans to cut government debt.Lawmakers on Wednesday gave the final go-ahead to legislation that will save public accounts approximately 800 billion reais ($197 billion) in a decade. They also backed an amendment benefiting employees under harsh work conditions that may reduce those savings, although its impact wasn’t clear. While the government had initially forecast a fiscal impact of as much as 23 billion reais, a new law regulating access to the benefit may change that estimate.The new …read more
Source:: Yahoo Finance
