Bol­sonaro ta­bles govern­ment plans

Saturday Star - - WORLD -

BUENOS AIRES: Brazil’s new govern­ment will pri­va­tise 12 air­ports and four ports, a move which will help it earn $1.85 bil­lion (R2.6 tril­lion), Pres­i­dent Jair Bol­sonaro says.

He said in­fra­struc­ture will be de­vel­oped “with in­vestor con­fi­dence” and “in con­di­tions favourable to the pop­u­la­tion”.

The govern­ment of the far­right pres­i­dent, who took of­fice on Tues­day, an­nounced a lib­eral eco­nomic pro­gramme in­clud­ing a “min­i­mal state,” pri­vati­sa­tions, tax re­duc­tion and sim­pli­fi­ca­tion.

The govern­ment is also plan­ning a pen­sion re­form that will re­duce in­equal­ity be­tween re­tired peo­ple in Brazil, Econ­omy Min­is­ter Paulo Guedes said on Wed­nes­day.

The lib­eral econ­o­mist heads a new “su­per-min­istry” com­bin­ing the pre­vi­ous port­fo­lios of econ­omy, plan­ning, in­dus­try and com­merce.



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