Esther Dweck (Management and Innovation) stated that the Central Bank report is not the most appropriate to evaluate the results
The Minister of Management and Innovation, Esther Dweck, said this Monday (Dec 30, 2024) that the report which pointed out a deficit of R$ 6.04 billion accumulated from January to November this year in federal public companies is not the most appropriate to understand the financial situation of state-owned companies.
Speaking to journalists, Dweck said that the results shown by the monetary authority only present revenues and expenses, without taking into account other aspects such as investments made by companies.
In the minister’s view, the ideal is to look at companies’ balance sheets using corporate accounting, and not through public accounting. Dweck stated that most federal state-owned companies are actually profitable, despite having cited Correios as a loss-making state-owned company and that it is in the federal government’s sights to improve its financial health.
The minister said that the positive results of state-owned companies during the former president’s (PL) mandate were due to direct contributions from the National Treasury to the companies’ cash flow. At the time, many were listed in the privatization program, which imposed restrictions on investments.
With the withdrawal of companies from the privatization program under the president’s government (PT), federal state-owned companies lost this investment lock and were able to approve new operations.
On Saturday, the president of the PT, deputy (RS), published on her profile on (formerly Twitter) that state-owned companies did not suffer losses during Lula’s 3rd term. The congresswoman also said that the Central Bank’s methodology does not correctly read the data.
The value indicated by the Central Bank report is the highest value for the period of the historical series, which began in 2002.
