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Brazilian finance minister to remain till finish of Bolsonaro administration, president says By Reuters

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© Reuters. FILE PHOTO: Brazil’s Financial system Minister Paulo Guedes attends a seminar on the resumption of the Brazilian financial system, in Brasilia

RIO DE JANEIRO (Reuters) – Brazil president Jair Bolsonaro mentioned in a video printed on Saturday that his finance minister Paulo Guedes assured him he’ll keep on within the authorities till the tip of his administration.

Bolsonaro acknowledged within the video that Guedes is sad due to the difficulties skilled in implementing his financial agenda, which contain important cuts in public spending and a tax reform long-awaited in monetary circles.

“It is logical that we see that from time to time he turns into irritated as a result of sure measures require a (congressional) vote,” Bolsonaro mentioned of Guedes. “I understand how parliament works, however he is nonetheless studying.”.

Guedes was within the non-public sector earlier than becoming a member of Bolsonaro and is a cofounder of funding financial institution BTG Pactual. He suggested Bolsonaro on financial issues in his 2018 presidential run and has been finance minister since he assumed the presidency on Jan. 1, 2019 for a four-year time period.

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