Brasília – State-owned companies had invested R$ 75.5 billion (US$ 29.3 billion), equivalent to 71.4% of the budget for this year, at the end of the fifth two-month period of 2014 (September-October). The figures have been published on the Federal Official Gazette on this Monday (1st). The annual budget forecast for 2014 is R$ 105.8 billion (US$ 41.1 billion).
The approved 2014 budget comprises funds for construction or services to be carried out as part of 328 different projects and 263 activities. The Brazilian Ministry of Mines and Energy, responsible for 89.1% of total investment by state-owned companies, had the best performance of all ministries, by meeting of 74.1% of its budget, according to the Official Gazette.
Some of the programs stand out, most notably those relating to the oil industry, not only because of the sums allocated, but also for the efforts of companies to which said programs have been entrusted, measured by performance indicators.
*Translated by Gabriel Pomerancblum