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(Recasts with comments on economic policy)
By Rodrigo Viga Gaier
RIO DE JANEIRO, Oct 30 (Reuters) - The future economy minister tapped by Brazilian President-elect Jair Bolsonaro insisted on Tuesday that he wanted to fast-track an unpopular pension reform to help balance government finances despite mounting resistance to getting it done this year.
Paulo Guedes, whom Bolsonaro selected as a "super minister" with a portfolio combining the current ministries of finance, planning and development, has urged Congress to pass an initial version of pension reform before the Jan. 1 inauguration.
"Our pension funds are an airplane with five bombs on board that will explode at any moment," Guedes said on Tuesday. "We're already late on pension reform, so the sooner the better."
He called the reform essential to controlling surging public debt in Latin America's largest economy and making space for public investments to jump-start a sluggish economy. Markets surged in the weeks ahead of Bolsonaro's Sunday victory on the expectation that he could pull off the tough fiscal agenda.
Brazil's benchmark Bovespa stock index rose 3.7 percent on Tuesday, boosted by strong corporate earnings and the resolve shown by Guedes on pension reform.
Yet the University of Chicago-trained economist, who is getting his first taste of public service, met with skepticism from more seasoned politicians.
Rodrigo Maia, the speaker of the lower house of Congress, said on Tuesday that reform is urgent, but cautioned that the conditions to pass it were still far off.
Major Olimpio, a lawmaker from Bolsonaro's own party who helped run his campaign, agreed the political climate was not ready for reform.
Even Bolsonaro's future chief of staff, Onyx Lorenzoni, said in a Monday radio interview that he only expects to introduce a reform plan next year.
After a meeting with Lorenzoni, Guedes said the decision on timing was ultimately a political one that the chief of staff would weigh.
"We can't go from a victory at the ballot box to chaos in Congress," Guedes told journalists.
On other issues, Guedes made clear he was the final word on economic matters, laying out plans to give the central bank more institutional independence and clarifying comments made by Lorenzoni about exchange-rate policy.
"You are all scared because he is a politician talking about the economy. That's like me talking about politics. It's not going to work," Guedes said.
HOT BUTTON ISSUES
While advisers work out the details of his economic program, Bolsonaro revisited some of his most contentious campaign promises on Monday night: looser gun laws, a ban on government advertising for media that "lie," and urging a high-profile judge to join his government.