Brazil’s Economy Chief Vows to Drain the Swamp of Government Waste
- Says new govt to focus on pensions, privatizations, tax reform
- Administration faces challenges including deficit and debt
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Brazil’s new economy minister on Wednesday outlined a sweeping overhaul of the country’s state apparatus and business environment to unleash corporate potential and free future generations from debt.
In a speech at his swearing-in ceremony in Brasilia on Wednesday, Paulo Guedes said that the new government will prioritize slashing pension spending, selling state assets and simplifying a complex tax system.