US EditionBrazil must freeze minimum wage for six years, says Arminio Fraga
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Former President of the Central Bank, Arminio Fraga stated that the measure is necessary because of Brazil's uncontrolled public spending; check
Arminio Fraga, economist and former president of the BC (Central Bank), defended freezing the minimum wage for 6 years. The measure would be essential to improve the Social Security accounts, which are worsening alarmingly, according to him. He stated that the priorities of public spending in Brazil are “completely wrong”. Fraga participated on Saturday (April 12, 2025) in the Brazil Conference, an event held this weekend at Harvard University a…
Former Central Bank president Arminio Fraga assesses that Brazil's public spending is “totally out of control” and proposes freezing the minimum wage in real terms for six years - with no increase above inflation - to try to correct the route. Read more (04/13/2025)
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The financier's speech demonstrates the Brazilian elite's opposition to the fight against inequality
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