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The National Agency of Petroleum, Natural Gas and Biofuels (ANP) revised the projections for royalty and special participation collection by the union and states this year. The revision changed the values, being lower this time.
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As everyone knows, the state of Rio de Janeiro is the largest collector of these resources in Brazil and consequently will feel the absence of these more strongly compared to other states.
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The expectation is that the government of Rio de Janeiro will collect around R$ 11 billion in royalties and special participations this year, according to the revision made by the National Agency of Petroleum. The new amount is 9% lower than the last estimate of just over R$ 12 billion.
The state of Rio de Janeiro has barely started to recover from the biggest economic crisis in its history and is already at risk of having its “fragile balance” threatened by the drop in revenue from royalties.
OPEC (Organization of the Petroleum Exporting Countries) even tried to reverse the price situation with production cuts, but the drop in demand is still mandatory.
