Government Gives Up on "Selling Everything" and Decides to Preserve 12 More State-Owned Enterprises

Government Gives Up on “Selling Everything” and Decides to Preserve 12 More State-Owned Enterprises

Written by Paulo Nogueira

Published on 17/06/2019 at 14:31

Be the first to react!

The Government’s Economic Team Reviewed Its Policy for State-Owned Enterprises and Will Now Cease to Privatize at Least 12 Companies.

Today, there are 134 state-owned companies, of which the 18 dependent on the Treasury demand about R$ 20 billion annually. The intention of Minister Paulo Guedes is to sell the companies to reduce public debt. Currently, the value of state-owned enterprises corresponds to 27% of the net debt of the public sector. In 2010, that ratio reached 60%. The government is still studying the fate of other companies. This includes the Postal Service, which has already had the analysis for its sale released by Bolsonaro.

In addition to Petrobras, Banco do Brasil, Caixa Econômica Federal, and Banco Nacional de Desenvolvimento Econômico e Social (BNDES), the Ministry of Economy added to the list of companies that will not be sold eight of the 18 state-owned enterprises that rely on Treasury funds to survive.

ARTICLE CONTINUES BELOW

See also

Among them are military sector companies such as Amazônia Azul Tecnologias de Defesa (Amazul). Linked to the Navy, it develops the nuclear-powered submarine. The project began in 2012 and was supposed to be completed in 2025 — with delays, the completion has been postponed to 2029.

Another company to be retained is the Empresa Gerencial de Projetos Navais (Emgepron), created in 2013. Also linked to the Navy, it manages orders for vessels, naval repairs, and trades goods in the sector. The Indústria de Material Bélico do Brasil, which manufactures and sells defense and security products to clients such as Armed Forces, police, and private clients, will also remain public.

Bolsonaro has also opposed the sale of companies considered strategic for the country. Embrapa, linked to Agriculture, will also be maintained. The interpretation is that companies like this generate value that is not solely measured by profit or loss.

There is a set of other companies considered important by the government to execute actions related to public policies and that, for this reason, will be maintained at this time. These include the Empresa Brasileira de Serviços Hospitalares (Ebserh), the Hospital de Clínicas de Porto Alegre, and the Grupo Hospitalar Conceição. The Companhia de Pesquisa de Recursos Minerais (CPRM), linked to the Ministry of Mines and Energy, will also remain state-owned.

Other state-owned companies may have a different fate than sale, such as the Empresa Brasil de Comunicação (EBC). Recently, Bolsonaro stated in an interview that it should be abolished.

Companies Saved from Privatization Related to Defense, Research, and Hospitals

Amazul (Amazônia Azul Tecnologias de Defesa)
Emgepron (Empresa Gerencial de Projetos Navais)
Imbel (Indústria de Material Bélico do Brasil)
Embrapa (Empresa Brasileira de Pesquisa Agropecuária)
CPRM (Companhia de Pesquisa de Recursos Minerais)
Ebserh (Empresa Brasileira de Serviços Hospitalares)
HCPA (Hospital de Clínicas de Porto Alegre)
GHC (Grupo Hospitalar Conceição)

Petrobras Operates 95% of Oil Exploration, After Twenty Years of the 1st Auction

Government Gives Up on “Selling Everything” and Decides to Preserve 12 More State-Owned Enterprises

The Government’s Economic Team Reviewed Its Policy for State-Owned Enterprises and Will Now Cease to Privatize at Least 12 Companies.

Companies Saved from Privatization Related to Defense, Research, and Hospitals

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

In Sudan, expensive fuel, queues, and blackouts were stifling drivers, but an engineer created electric tricycles, and some owners even started operating with solar panels on the roof, reducing costs and helping workers to even double their daily income.

Driverless bus, promised as the future of transport in the UK, has been cancelled after low demand, still required human staff on board, and has become a symbol of an innovation that almost no one wanted to use.

The Japanese multinational Nidec, owner of the Embraco brand, opened more than 50 technical vacancies in Joinville with salaries of up to R$ 4.4 thousand for machining, maintenance, and manufacturing, in addition to benefits such as a profit sharing program, scholarships, and a health plan.

With capacity for 10 passengers, a payload of up to 1 ton, a speed of 150 km/h, and 40% fuel savings, the Volitan “flying boat” emerges as an innovative solution to transform transport in the Amazon and drastically reduce river travel time.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in the bins, send warnings to residents, and transform common disposal into a debate about surveillance.

Government Gives Up on “Selling Everything” and Decides to Preserve 12 More State-Owned Enterprises

The Government’s Economic Team Reviewed Its Policy for State-Owned Enterprises and Will Now Cease to Privatize at Least 12 Companies.

Companies Saved from Privatization Related to Defense, Research, and Hospitals

Mayor orders wireless network turned off in municipal schools due to fear of electromagnetic radiation in children, replaces connection with Ethernet cables, and transforms small Italian city into a symbol of technological panic.

Goodbye traditional washing machine: Xiaomi surprises and launches an ultra-slim version with 27 programs, 3D water flow, steam sterilization, app control, enlarged drum, and a silent system with double suspension

An entire country within the mountains is selling water to Africa’s largest economy: Lesotho builds dams, tunnels, and bridges at an altitude of 2,000 meters to send more than 1.27 billion m³ per year to Johannesburg

Toyota ends the Diesel era: new Hilux with up to 380 km of urban range brings 196 hp, 59.2 kWh battery, 4×4 traction and 715 kg of load capacity

With an 88-meter wingspan, a capacity of 250 tons, six engines, and 32 wheels, the Ukrainian giant became the greatest symbol of extreme air transport and one of the most impressive machines in aviation history.

Magalu has a clearance sale on JBL Boombox 4 with 210W of power, 34-hour battery, and 3-way system.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in bins, send warnings to residents, and turn common disposal into a debate about surveillance.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in bins, send warnings to residents, and turn common disposal into a debate about surveillance.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in bins, send warnings to residents, and turn common disposal into a debate about surveillance.

Hungarian mothers began confronting electric car battery factories over fears of contaminated water and industrial waste, saying the green industry was poisoning the neighborhood.

Brazilian city of the tilted buildings is being “taken over” by the sea and will have a park as a natural barrier on the sand to contain erosion, storm surges, and climate impacts after the water’s advance reached stretches of the Santos waterfront.

In Sudan, expensive fuel, queues, and blackouts were stifling drivers, but an engineer created electric tricycles, and some owners even started operating with solar panels on the roof, reducing costs and helping workers to even double their daily income.

Driverless bus, promised as the future of transport in the UK, has been cancelled after low demand, still required human staff on board, and has become a symbol of an innovation that almost no one wanted to use.

The Japanese multinational Nidec, owner of the Embraco brand, opened more than 50 technical vacancies in Joinville with salaries of up to R$ 4.4 thousand for machining, maintenance, and manufacturing, in addition to benefits such as a profit sharing program, scholarships, and a health plan.

With capacity for 10 passengers, a payload of up to 1 ton, a speed of 150 km/h, and 40% fuel savings, the Volitan “flying boat” emerges as an innovative solution to transform transport in the Amazon and drastically reduce river travel time.

Recycling trucks with artificial intelligence begin photographing household waste, identify errors in the bins, send warnings to residents, and transform common disposal into a debate about surveillance.