Brasília – From January through April, Brazil’s government-run oil company Petrobras made investments worth a combined R$ 21.9 billion (US$ 6.9 billion). The oil company single-handedly accounted for 89.2% of federal government-owned corporations in 2015. The numbers are from a directive issued this Friday (29th) by the Ministry of Planning in the Federal Official Gazette, reporting on budget expenditure by state-run companies.
At the end of April, federal government companies invested R$ 24.6 billion (US$ 7.7 billion). The sum is tantamount to 17.4% of the R$ 141.4 billion budget for investment by federal government companies in 2015.
According to the directive, the ministries whose companies invested the most in the first four months were Mines and Energy (18.4% of budget), via the Petrobras and Eletrobras Groups, and the Secretariat for Civil Aviation (14%), which runs the Brazilian Airport Infrastructure Corporation (Infraero). The third biggest investor was the Ministry of Health (12%), which handles the Brazilian Enterprise for Blood Products and Biotechnology (Hemobrás).
*Translated by Gabriel Pomerancblum
