Brazil pension reform to clear Congress by Oct. 22 - senator


  • World
  • Thursday, 10 Oct 2019

FILE PHOTO: Brazil's President Jair Bolsonaro arrives at the Alvorada Palace in Brasilia, Brazil October 9, 2019. REUTERS/Adriano Machado

BRASILIA (Reuters) - President Jair Bolsonaro's government is confident it will win final Congressional approval for its pension overhaul by Oct. 22 now that lawmakers have agreed on how to share surplus oil revenues, his party's leader in the Senate said on Wednesday.

Senator Major Olimpio told Reuters that Bolsonaro's key legislation to reduce a wide budget deficit, an unsustainable gap that worries investors, will certainly pass Congress, but a second "parallel" pension reform bill with contentious issues will have to wait until next year.

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