Bolsonaro is scared with Argentina to approve its pension reform – ElSol.com.ar – Diario de Mendoza, Argentina

President Jair Bolsonaro said on Thursday that without pension reform, Brazil would face fiscal deficit problems such as those recorded in Argentina, which will visit on June 6.

Bolsonaro's statements were made during a breakfast with reporters at the Palacio del Plbadto, commenting on the negotiations led by the government in Congress to try to approve the pension reform in the first half, which increase the demand for workers' contributions.

"If the economy with the reform is less than 200,000 million dollars, we will end up like Argentina," said Bolsonaro, according to the Globo television channel and the O Estado newspaper of Sao Paulo, which has attended the Government House Thursdays Breakfast.

"If the situation is not exploited in 2022", he added, referring to the year of the end of his term.

The Bolsonaro statement was made when the dollar had surpbaded 4 reales, the highest level in seven months, at the opening of the foreign exchange market in the San Pablo financial market.

"If pension reform does not materialize, chaos will set in, without reform, no one will trust Brazil," Bolsonaro said, citing figures from the economy minister, Paulo Guedes, who also seeks to introduce the capitalization system as in Chile. or as AFJP as an alternative for those who have just entered the labor market.

The comparison with Argentina's tax situation occurred during a presentation by Bolsonaro to reporters to explain the executive's vision with regard to pension reform.

Yesterday, the Foreign Ministry announced that Bolsonaro will visit President Mauricio Macri in Buenos Aires on June 6, during his first visit since his election last October.

Political bargaining for pension reform is complex because two-thirds of the congressional chambers are needed because it is a constitutional amendment, in addition to badigning certain rights and benefits acquired from employees of the civil service, including the military, which is an integral part of the Constitution. the support base of Bolsonaro.

The reform is considered unpopular because it forces a worker to retire at full retirement for 30 to 40 years of contributions and sets for the first time an age limit of 65 for men and 62 for men. the women.

"Congress is free to modify the draft.Hope that there will be no turbulence," said Bolsonaro, who thanked last night the head of representatives, Rodrigo Maia, for approval of the initial reform project.

The Folha newspaper in Sao Paulo denounced yesterday that the government had put on an equal footing extrabudgetary posts – official and legal amendments – of political parties, intended for deputies, with the aim of getting them to approve the project. .

There will be 40 sessions available – about 70 days – to reach a consensus and move the draft to the Chamber of Deputies, after which, if it is approved, it must be submitted to the Senate, where it will follow a procedure similar.

The reform was launched in 2017 by the then President's government, Michel Temer, but a corruption complaint broke the ruling party's base at the time.