HALISTER1: Brazil Could Focus on Tax Reform Instead of Pension Bill: MB

Brazil Could Focus on Tax Reform Instead of Pension Bill: MB

(Bloomberg) -- Approval of pension reform before 2019 is "impossible", given tight schedule, government’s fragility and highly unpopular topic, and Michel Temer’s administration could try to focus on the progress of tax reform, Sergio Vale, chief economist at MB Associados, says in a telephone interview.
  • Effort for pension reform approval would be in vain while there is room for tax reform to be approved in 2018
    • Tax reform has no popular resistance and the government could put it into discussion for approval next year, since it wouldn’t affect legislators’ electoral life, sending positive signal to the market
  • Pension reform "won’t happen now," should happen only in 2019
  • NOTE, earlier: Major Pension Reform in Brazil Is Unlikely: Moody’s
  • NOTE, on October 19: Last Chance Looms for Brazil Key Pension Reform: Analysts Original Story:
MB/Vale: Governo pode mudar foco de Previdência para tributária To contact the translator on this story: Taís Fuoco in Sao Paulo at tfuoco1@bloomberg.net Reporter on the original story: Vinícius Andrade in São Paulo at vandrade3@bloomberg.net Editors responsible for the original story: Daniela Milanese at dmilanese@bloomberg.net Giulia Camillo

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

People
Michel Temer (Federative Republic of Brazil)
Sergio Vale (Mb Associados)

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