Mexico



Very usefull links



PW
Bookstore





News links

AP

AFP

Aljazeera

Dow Jones

Oil price

Reuters

Bloomberg

Views and News
from
Norway

 

 

 

 

Brazil government not sure on pension reform votes, some lawmakers still undecided - Minister

 

 

By Reuters

RIO DE JANEIRO
Petroleumworld 02 02 2018

The overhaul of Brazil's social security system to reduce its burden on the government's overdrawn accounts still does not have enough support for Congressional approval, the cabinet minister in charge of political affairs said on Thursday.

The pension reform bill is the cornerstone of President Michel Temer's efforts to reduce Brazil's budget deficit and is due to be put to a first vote in the lower house in the week of Feb. 19.

But Temer does not have the votes and many lawmakers in his coalition are reluctant to be seen backing an unpopular austerity measure ahead of the October general elections.

Speaking to business executives in Rio, Minister Carlos Marun said that “many” lawmakers are undecided about voting for the pension bill, which has to be approved twice in each of the chambers by a three-fifths super majority. In the lower house, that requires at least 308 votes of the 513 members.

On Tuesday, Marun told reporters that the government had “close to 270 votes guaranteed” and was working around the clock to convince more lawmakers to back the bill.

Marun said the government was open to suggestions on how to “improve” a bill that has already been diluted to make it more palatable to Congress, reducing its impact on fiscal savings.

A document obtained by Reuters this week indicated that the government is working on 88 uncommitted Congressmen and has asked businessmen to help convince the wavering lawmakers on the need to pass the bill to recover the country's credit ratings.

A poll published on Wednesday showing how unpopular Temer is will not help win over politicians in an election year. The survey by pollster Datafolha said 70 percent of Brazilians view his government as bad or terrible.

Temer held off putting the bill to a vote in December for lack of support, delaying it until after the Christmas-to-Carnival Congressional recess that ends next week.

The delay increased market skepticism over Brazil's ability to rein in a deficit that caused the loss of its investment grade credit rating.



Reporting by Maria Clara Pestre, Iuri Dantas and Maria Carolina Marcello; Writing by Anthony Boadle; Editing by Chizu Nomiyama and Susan Thomas from Reuters.

reuters.com 02 01 2018

We invite all our readers to share with us
their views and comments about this article.
Write to editor@petroleumworld.com

By using this link, you agree to allow PW
to publish your comments on our letters page.

Any question or suggestions,
please write to: editor@petroleumworld.com

Best Viewed with IE 5.01+ Windows NT 4.0, '95,
'98,ME,XP, Vista, Windows 7,8,10 +/ 800x600 pixels

 

 

 

TOP

Contact: editor@petroleumworld.com,

Editor & Publisher:Elio Ohep/
Contact Email: editor@petroleumworld.com

CopyRight © 1999-2016, Paul Ohep F. - All Rights Reserved. Legal Information

PW in Top 100 Energy Sites

CopyRight©1999-2017, Petroleumworld ™  / Elio Ohep - All rights reservedThis site is a public free site and it contains copyrighted material the use of which has not always been specifically authorized by the copyright owner.We are making such material available in our efforts to advance understanding of business, environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have chosen to view the included information for research, information, and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission fromPetroleumworld or the copyright owner of the material.