BRASILIA (Reuters) – The Brazilian government’s administrative reform proposals, to simplify and reduce the cost of the public sector, will generate at least 300 billion reais ($57 billion) of savings over the next decade, Economy Minister Paulo Guedes said on Wednesday.
Speaking in an online live event hosted by the Braziliense Institute of Public Law, Guedes said he expects the administrative reform bill to have a relatively smooth passage through congress and be approved later this year.
(Reporting by Marcela Ayres and Jamie McGeever)
