Brasília – The state-owned companies invested a total of roughly US$ 6.4 billion in the first two months of the year, a value equivalent to 13.9% of the endowment for 2014 (around US$ 46.67 billion). The information was published in a decree on the Official Gazette this Tuesday (1st). The Ministry of Mines and Energy, to which 89.1% of the state-owned investments are linked, had the best performance among the bodies, by completing 14.6% of the current programme. Petrobras and Eletrobras are linked to this Ministry.
The Federal Budget Law assigned around US$ 46.5 billion for investments, which meant a reduction of 14.2% over the final endowment value approved for the state-owned companies in 2013 and of 6.9% over the amount of that period.
However, according to the decree, the investment budget in 2014 had its endowment enlarged with the addition of the balance of previous periods, in a total of around US$ 87.21 million. With that, the total endowment was around US$ 46.7 billion.
Overall, there are 71 state-owned companies included in this investment budget, 64 of which belong to the productive sector and seven to the financial sector. Among the companies in the productive sector, 20 belong to the Eletrobras Group and 20 to the Petrobras Group.
*Translated by Rodrigo Mendonça
