Brasília – Brazilian government-owned companies invested R$ 97.9 billion (US$ 49 bn) in 2012. The sum represented 92.7% of the available budget for the period, and encompasses investment in 72 different enterprises. The figure was published today (30th) on Brazil’s Official Gazette.
Of all the companies, 65 are in the productive sector and seven are in finance. Of the productive sector companies, 23 belong to Grupo Petrobras, 19 to Grupo Eletrobras, and the other 23 are pooled into other companies. The best-performing gov’t-owned company was Grupo Petrobras, which invested R$ 85.9 bn (US$ 43 bn) last year.
According to the Ministry of Planning, “this is the best absolute performance ever” and the spending-to-budget ratio is the best of all times. The previous highest ratio was 2009’s 86.6%. “In fact, it means that on average, Brazilian state-run companies have never invested as much as last year,” according to a press release from the Ministry.
For 2013, state-run company investment is forecasted at R$ 105.6 bn (US$ 52.8 bn). The amount is 2.9% higher than the investment budget approved in 2012. Gov’t-owned companies are expected to spend the funds carrying out works and services involving 330 different projects and 257 activities.
*Translated by Gabriel Pomerancblum
