The government of President Luiz Inácio da Silva () signed this Monday (9) decrees that change state-owned company rules with the aim of increasing the financial sustainability of companies and reducing dependence on public coffers.
The editing of the texts takes place in the midst of company deficits, while the government adopted a stance opposite to that of the previous administration, by interrupting privatizations.
In the year to October, federal state-owned companies (except companies from the Petrobras and Eletrobras groups) recorded a primary deficit of around R$4.5 billion, according to data from the Central Bank.
According to the Ministry of Management and Innovation in Public Service, a significant part of the deficit of federal state-owned companies corresponds to investments and the primary result does not take into account the companies’ cash resources, available from previous years, nor possible financing revenues.
The announcement of the signing of the decrees occurred after a meeting at the Palácio do Planalto, between Lula and ministers and secretaries of departments under which there are state-owned companies.
Minister Esther Dweck (Management and Innovation) stated, in a press conference with journalists, that the three decrees should be published in an extra edition of the Official Gazette of the Union this Monday or Tuesday morning (10).
“Our main concern is to improve the capacity of these companies, generate value for society and increase financial sustainability. The logic is to improve the government’s capacity to discuss its state-owned companies”, he stated.
The Union directly controls 44 federal state-owned companies and, indirectly, another 79 companies that are subsidiaries of directly controlled companies.
Two of the decrees have a more administrative content, such as updating the Interministerial Commission for Corporate Governance and Administration of Corporate Participations of the Union (CGPAR) to include rules of the State Law – the previous decrees that governed the collegiate were prior to the legislation.
A third launches the State-Owned Companies Governance and Modernization Program, which seeks to create tools for state-owned companies to update themselves and create internal improvements. One of the possibilities is consultancy with BNDES (National Bank for Economic and Social Development) or even with the private sector.
“It’s an idea for you to have modernization and innovation in state-owned companies. The focus, obviously, is companies that have financial issues,” said the minister, who was accompanied by the secretary of coordination and governance of state-owned companies from the Ministry of Management and Innovation, Elisa Vieira Leonel.
The decree also talks about the training of technical staff and managers of these companies.
On the 15th, three texts of decrees had already been presented to Lula by ministers whose portfolios house state-owned companies in their structures.
The Ministry of Management, at the time, released a statement saying that the new acts will not change the , which has already been the target of criticism from President Lula and other members of the government.
“The government is discussing a set of measures that aim to modernize and increase the efficiency of federal state-owned companies, preserving their autonomy and aligning them with the best corporate governance practices,” stated the ministry.
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