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With very favorable signs, Pension Reform must be approved today
Posted by Gomes
on July 10, 2019, 8:36 am
After a further cycle of last-minute negotiations, the Chamber of Deputies closed the discussions around the Pension Reform around 01h00 and should reopen work at 11h00 to vote on the proposal - the legislative piece most important of the last 16 years in the country. The tests carried out by the parliamentary base favorable to the proposal show that there is support for approval in the first round with a margin of 325 to 335 votes - well above the minimum of 308 required for constitutional amendments.
So the question is not whether the reform passes, but when it will be approved in the second round. The mayor, Rodrigo Maia, sees it possible to approve it in the second round until Saturday. However, this optimistic timeline will depend on how the government of President Jair Bolsonaro will solve the problems that prevented the vote yesterday. More calls for amendments and the latent mistrust between Bolsonaro and Parliament could hamper such plans. A point of great interest is what the post-Social Security package that the team of the Minister of Economy, Paulo Guedes, should divulge. Effective communication will be important to leverage the mood of entrepreneurs and consumers to resume economic activity.
- With very favorable signs, Pension Reform must be approved today - Gomes July 10, 2019, 8:36 am
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