Michel Temer on Brazil Economic Reforms

The transcript discusses two major reforms in Brazil: capping government spending and Social Security reform. These reforms require constitutional changes and face opposition. The government plans to pass the spending cap by the end of the year and the Social Security reform by next year. Despite concerns about impacts on education and healthcare, the government assures no reductions in these areas. The transcript also covers efforts to reduce Brazil's budget deficit and the importance of maintaining momentum for economic reforms to restore trust and attract investments.

What is the main goal of the proposed government spending cap in Brazil?

• To increase the national debt

• To increase spending on education and healthcare

• To reduce the overall government deficit

• To eliminate taxes on imports

By when does the Brazilian government expect to pass the Social Security reform?

• By the end of this year

• In the first half of next year

• In the next five years

• By the end of the decade

What was the initial budget deficit when the current administration took office?

• 130 billion Brazilian reals

• 270 billion Brazilian reals

• 500 million Brazilian reals

• 100 billion Brazilian reals

How long is it expected to take for Brazil to eliminate its budget deficit?

• 2-3 years

• 10 years

• 1 year

• 5 years

What is a key factor in maintaining momentum for economic reforms in Brazil?

• Increasing taxes

• Cutting public sector jobs

• Restoring trust and confidence

• Reducing foreign investments