Economics
Time Is Running Out on Brazil’s New Pro-Market Proposals
- Risks to approval of bills include 2020 municipal elections
- Bolsonaro broadening efforts to strengthen fiscal accounts
Jair Bolsonaro
Photographer: Andre Coelho/BloombergThis article is for subscribers only.
Brazilian President Jair Bolsonaro may have just eight months to secure lawmaker support for an overhaul of Latin America’s largest economy before local reelection campaigns redefine legislative priorities.
After a pension reform became law this month, Bolsonaro’s administration is now prioritizing measures that increase control over the federal budget, which currently is in deficit to the tune of 6.4% of gross domestic product.