Economy

Brazil's Bolsonaro says resistance to privatization can be overcome with Congressional election

Bolsonaro said that he cannot be "tied" with a Board of Directors that has the presence of leftwing parliamentarians

President Jair Bolsonaro at Planalto Palace. Photo: Adriano Machado/ Reuters
  • The Brazilian president expects to approve all privatizations he has planned of state-owned companies with support from the Executive Boards of the House, whose members will be voted in the February;
  • Privatizations were one of Bolsonaro’s main campaign flags in the 2018 elections, but they have not yet taken off under his administration.

President Jair Bolsonaro said that resistance to the approval of privatization of state-owned companies could be overcome with the election of Executive Boards of the House and Senate of parliamentarians who are not aligned with the leftwing demands in the February votes.

“These resistances (to privatizations), I think that in part we will win, with a new Board of Directors of the Chamber and in the Senate, I think that there would be no difficulties”, said Bolsonaro, in an interview with Rádio Jovem Pan.

“I believe that, with a board uncontaminated by the left, we can put these agendas to a vote and I am sure we will approve them all,” he said.

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Bolsonaro affirmed that he cannot be “tied” with a Board of Directors that has the presence of leftwing parliamentarians and said that, if that happens, “then it is difficult to take off in the economy”.

In the Chamber dispute, the president supports the leader of Progressistas (party) in the House, Arthur Lira, whose main opponent is deputy Baleia Rossi (MDB-SP), who has the support of left parties, such as PT, PSOL and PCdoB.

Bolsonaro acknowledged that, in the past, he was favorable to nationalization but said that he has changed and that he is currently in favor of privatizations, but not of everything. He cited being against the privatization of Casa da Moeda (Brazilian Mint) and Embrapa (Brazilian Agricultural Research Corporation) and in favor of Correios‘ privatization, for example.

Privatizations were one of Bolsonaro’s main campaign flags in the 2018 elections, but they have not yet taken off under his administration.

Translated by LABS

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