Brazil Economy Czar’s Frustration Grows Over Lost Budget Battles
- Bolsonaro said he’d veto costly bill change but pressure grows
- Guedes signaling his future is uncertain, people familiar say
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Brazil’s economy minister is growing tired of losing budget battles in Congress and fears that, without the support of President Jair Bolsonaro, public spending will soar to levels he and his team consider unsustainable, according to three people familiar with his thinking.
Paulo Guedes hasn’t asked to resign, but he’s been giving stronger signs that his future in the administration isn’t certain anymore, the people said, asking not to be named because the discussions aren’t public.