Brazil eyes pension vote, budget target after Temer dodges trial


  • World
  • Friday, 04 Aug 2017

File Photo: General view of Brazil's Senate in Brasilia, Brazil December 13, 2016. REUTERS/Adriano Machado

BRASILIA (Reuters) - Brazil's Congress is expected to reopen the door for a modest pension overhaul as soon as October, lawmakers said before returning to normal business on Thursday following a vote to block a corruption trial against President Michel Temer.

Still, legislators warned that Temer must spend some of his newfound political capital either on measures raising tax revenue or a new, less ambitious 2017 budget target. The choice could quickly put him at odds with allies and even erode market confidence in his austerity agenda.

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