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Jair Bolsonaro: Brazil's far-right leader sworn in





He called on lawmakers to help him “free the nation definitively from the yoke of corruption, crime, economic irresponsibility and ideological submission.

On the economic front, the new leader promised to open foreign markets for Brazil and enact reforms to reduce a yawning budget deficit,putting government accounts on a
sustainable path.

Investors see Bolsonaro reinvigorating Latin America’s largest economy, The government machine is really heavy,
There are hundreds of bureaucratic governing bodies across Brazil, of regulators as well. We have to untangle the mess.



Trump congratulated Bolsonaro in a Twitter message, saying “The USA is with you”.



Brazilian businesses are eager to see Bolsonaro take office and install a team of economists led by investment banker Paulo Guedes, who has promised quick action
in bringing Brazil’s budget deficit under control.

Guedes plans to sell as many state companies as possible in a privatization drive that he forecasts could eventually bring in up to 1 trillion reais ($257 billion).

The key measure, however, for reducing the deficit and stopping a dangerous rise of Brazil’s public debt will be the overhaul of the costly social security pension system.

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