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Temer Offers US$ 3 Billion in Construction Projects in Exchange for Approval of Pension Reform
01/10/2018 - 11H41
JULIO WIZIACK
DANIEL CARVALHO
FROM BRASÍLIA
Brazilian president, Michel Temer (MDB), will provide his minister in charge of relations with Congress, Carlos Marun (Secretary of Government) with R$ 10 billion (US$ 3 billion) in "ammunition" to gain the votes of lawmakers for the Pension reform.
The amount will be allocated to complete construction projects in the electoral districts of those who vote in favor of the government's bill.
The money would come from savings achieved this year due to the approval of new pension rules.
Government estimates that expenses with benefits which will no longer be paid after the reform will result in savings of approximately R$ 10 billion (US$ 3 billion), if the change occurs in February - the voting in the lower house is scheduled for the 19th.
More:
http://www1.folha.uol.com.br/internacional/en/business/2018/01/1949364-temer-offers-us-3-billion-in-construction-projects-in-exchange-for-approval-of-pension-reform.shtml
