Brazil’s Government Hopes to Save R$1 Trillion with Social Security Reform

Economy Minister, Paulo Guedes, criticized the current social security system which,'deepens social inequalities and contributes to unemployment'.

By Lise Alves, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Brazil’s social security reform proposal forecasts savings of least R$1 trillion over a period of ten years, announced the country’s Economy Minister, Paulo Guedes, on Tuesday.

"The idea is for it (savings) to reach at least R$1 trillion," Guedes told reporters after meeting with the new heads of the Chamber of Deputies and Senate.

“We simulated at fifteen, at twenty, at ten . . .

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