Brasília – Brazilian state-owned companies invested 84.1 billion reals in 2010, a value considered record by the Ministry of Planning, Budget and Management. The volume of funds is 17% greater than the total (71.5 billion reals – US$ 42.9 billion) invested in 2009. The State-Owned Company Investment Budget for 2010 was initially forecasted in the Annual Budget Law.
According to the law, the consolidated 2010 Investment Budget should have reached 94.4 billion reals (US$ 56.6 billion) growth of 13.5% over the total approved for 2009. Last year there was a change to increase the volume to 102.1 billion reals (US$ 61.3 billion) turned to works and services in 375 projects and 280 activities. Of the total forecasted, 84.1 billion reals (US$ 50.5 billion) were invested, or 82.4% of the total forecasted.
The Ministry of Planning also informed that the main investment was made in the energy sector, 78.2 billion reals (US$ 46.9 billion). The Ministry of Mines and Energy received the greatest volume of investment. In second place came the Ministry of Finance. In the second place came the Finance Ministry. In the case of the ministry of Mines and Energy, the volume of funds reached 93.4% of total investment in state owned companies in the law. Investment totalled 83.9%. The Finance Ministry executed 76.4% and the Ministry of Agriculture, Fishery and Supply, 69.2%.
The Planning ministry also disclosed that the volume of funds in credit operations in the region was 765 billion reals (US$ 459 billion). The Southeast and South were those that received the greatest funds, with 395.1 billion reals (US$ 237 million) and 128.4 billion (US$ 77 billion), respectively. The information was included in Administrative Rule number 7, published in yesterday’s edition (1st) of the Official Gazette of the Department for Coordination and Governance of State-Owned Companies of the Ministry of Planning.
*Translated by Mark Ament
