Brazil eyes pension vote, budget target after Temer dodges trial
AUGUST 3, 2017 / 12:19 AM / 3 HOURS AGO
By Silvio Cascione
BRASILIA (Reuters) - Brazil's Congress is expected to reopen the door for a modest pension overhaul as soon as October, lawmakers said before returning to normal business on Thursday following a vote to block a corruption trial against President Michel Temer.
Still, legislators warned that Temer must spend some of his newfound political capital either on measures raising tax revenue or a new, less ambitious 2017 budget target. The choice could quickly put him at odds with allies and even erode market confidence in his austerity agenda.
Since May, uncertainty over whether Temer would be suspended from office and tried by the Supreme Court had paralysed talks on a proposed pension reform, the cornerstone of the president's plan to eventual close Brazil's gaping budget deficit.
The government, emboldened by a 263-227 vote to block the charges on Wednesday, now wants to resume talks with legislators by early next week, gauging support for the proposal, a government source told Reuters, requesting anonymity to freely discuss the government's strategy.
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