Brazil Will Collect More Money Than All Governments Since 1990 if it Privatizes
The region’s giant could produce 119.8 billion USD if it privatized state-owned companies that generate losses for taxpayers.
By Mamela Fiallo Flor Last updated Jul 17, 2019
The privatization of state-owned enterprises in Brazil would produce more money than the combined sum raised by all governments since 1990. The largest country in South America is getting closer every day to realizing the plan proposed by the economic minister to free the market.
According to a study by the Estadao newspaper, the government’s privatization program could generate up to 450 billion Brazilian reals or 119.8 billion USD.
Despite the initial resistance, the parliament has just approved the most controversial and at the same time necessary economic measure to reduce state spending and give money back to the citizens: the cut to the state pensioners’ fund, which occupied 53% of the national budget.
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“We have to accelerate privatization to invest money in the social area,” Guedes exclaimed.
The minister proposes to reduce state intervention in the economy as much as possible. He believes that state-owned enterprises, many of them incurring losses, consume money that should be spent on education, health, and safety.
https://panampost.com/mamela-fiallo/2019/07/17/brazil-will-collect-more-money-than-all-governments-since-1990-if-it-privatizes/?cn-reloaded=1
They are doing this for the citizens of Brazil. Isn't that nice?
= new reply since forum marked as read
and pension plans the government is responsible for ... that's like, what they EXIST for! 
Who wrote this bullshit? Mamela Fianno of the PanAmPost? Willing to bet their 'motives' are not pure in the slightest.
Anyone who buys into this bullshit is a moron.
