Brazil economy minister: Don’t dilute pension savings below $259 billion

March 25, 2019

BRASILIA (Reuters) – Brazilian Economy Minister Paulo Guedes on Monday speculated that the government’s signature economic reform bill on social security may be diluted, but urged lawmakers not to water down targeted savings over the next decade to less than 1 trillion reais ($259 billion).

Guedes also said his team and the Mines and Energy Ministry had ironed out a resolution for the government’s longstanding “transfer-of-rights” dispute with state oil company Petroleo Brasileiro SA, and details would be made public in days.

(Reporting by Marcela Ayres; Writing by Jamie McGeever; Editing by Jeffrey Benkoe)

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