The Brazilian finance minister ought to stay till the top of the Bolsonaro authorities, says President By Reuters


© Reuters. FILE PHOTO: Brazilian Economy Minister Paulo Guedes attends a seminar on the recovery of the Brazilian economy in Brasilia

RIO DE JANEIRO (Reuters) – Brazilian President Jair Bolsonaro said in a video released on Saturday that his Finance Minister, Paulo Guedes, had assured him that he would remain in the government until the end of his term.

Bolsonaro admitted in the video that Guedes is unhappy with the difficulty of implementing his economic agenda, which involves substantial cuts in public spending and a long-awaited tax reform in financial circles.

“It is logical that we see every now and then that he is irritated because certain measures require a (congressional) vote,” said Bolsonaro of Guedes. “I know how Parliament works, but he’s still learning.”

Before joining Bolsonaro, Guedes worked in the private sector and is a co-founder of the investment bank BTG Pactual. He advised Bolsonaro on economic issues in his 2018 presidential election and has been Finance Minister for a four-year term since taking office on January 1, 2019.

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