reforms are on the way newly appointed economy minister paolo geddes has vowed to slash government spending cut taxes and privatized state assets he says brazil's pensions are first in line. as. good as its first big expenditure is social security and pensions. it's the first big challenge we face so it's our biggest challenge. and if this challenge is successful. then two or three months from now we can look forward to ten years of sustainable growth ahead of us because the infant. stocks soared in response to the new government closing at a record high economists victor candido says he's not surprised. the movements we're seeing on the market reflect the expectations for the new government interest in the reduction of bureaucracy in economic issues and measures