Davos 2019: Bolsonaro says pension reform will lead to "substantial" cuts and the army will be in second phase | Brazil



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President Jair Bolsonaro on Wednesday spoke of suspicions about the financial operations of Senator Elect Flávio Bolsonaro, his eldest son. "If he made a mistake and that is proven, I regret it as a father, but he will have to pay the price for these acts that we can not accept," said the president at the service Bloomberg information from Davos. where he participates in the World Economic Forum. The suspicions began last December, when the Financial Activities Control Council (Coaf) identified a billion-dollar movement,, 2 million reais in the account of Fabricio Queiroz, former adviser to Flávio Bolsonaro, between January 2016 and December 2017. Shortly after, the elected senator was able to suspend the investigations of the Federal Supreme Court (FST), a piece of the national newspaper has increased the temperature of the crisis. Further excerpts from Coaf's report showed that Flávio had made a payment of R $ 1,016,839 on a bank bond of Caixa Econômica Federal, in addition to receiving split money deposits on his account. According to the public prosecutor's office in Rio de Janeiro, Alerj's employees reportedly returned part of their salary to the deputy of the time.

Venezuela

Still in an interview with Bloomberg, Bolsonaro had promised quick and comprehensive economic measures to rule out what he had called "risk" that the largest nation of Latin America would become a Venezuelan style diet. Plans to sell a large number of state-owned enterprises are almost ready, and a proposal to be sent to Congress will lead to "substantial" cuts in social security spending and set a minimum retirement age, the president said. . He also said that the military pension system would only be changed in a "second part of the reform".

A day after a slender speech that thwarted the expectations of Forum investors because of the lack of detail on the concrete steps that he intends to take. Bolsonaro told the agency that the approval of the pension reform expected by investors was almost certain, as Brazil's financial situation left it with little choice. And he repeated the ideological tone adopted Tuesday in his speech: "Brazil must succeed, otherwise the left will come back and we will not know the fate of Brazil, it could look more like the regime we have in Venezuela."

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