The administration of Brazilian President Michel Temer on Monday night officially postponed its drive for congressional approval of a sweeping pension reform, instead re-focusing priorities on other reforms. The announcement was made by Presidential Chief-of-Staff Eliseu Padilha. The reform has encountered stiff congressional opposition in the face of scheduled presidential and general elections in October. Padilha said the government might still renew its efforts at pension reform after the elections. Padilha also announced a set of 15 new congressional and administrative priorities for 2018. Prominent among them is legislation that would simplify the tax system, a bill to grant full autonomy to the Central Bank and a proposal to partially privatize electric power utilities holding company Eletrobras.
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