The social security deficit reached R$604.30 billion ($121 bn) from January to November of this year, after revenues totalled R$724.82 billion ($145 bn) and expenses, R$1.329 trillion ($266 bn). The information is from the Summary Report on the Budgetary Execution of the Union (RREO), released recently by the National Treasury. The deficit is higher than that recorded in the same period last year, when it was R$ 292.66 billion ($58.6 bn).
Source: Valor Investe
Day: December 31, 2020
BR Distribuidora receives $7 mm from Eletrobras
BR Distribuidora said it received approximately R$34.5 million ($7 mm) from Eletrobras. The amount is related to the 32nd instalment of ICDs (Debt Instruments) that the fuel distribution company signed with the electric company and its energy distributors.
Source: Money Times
Caixa announces financing programme of up to $400
Pedro Guimarães, president of the Caixa Econômica Federal (CEF), said that the institution will launch what he called a “micro-finance programme. The proposal, he said, is to offer financing ranging from R$500 to R$2,000 ($100 to $200) to more than 10 million Brazilians, with interest rates between 1.5% and 2.5% per month.
Source: Jornal Contabil
MME approves EDP $66.2 mm budget at as priority project in SP
The Ministry of Mines and Energy has made the expansion, renovation or improvement of the electricity distribution infrastructure of EDP’s São Paulo concession a priority, with work for 2021 estimated at approximately R$331.7 million ($66.2 mm). With this measure, the projects may issue infrastructure debentures, with incentives to investors.
Source: Canal Energia
New minimum wage of $220 from 1st January; impact is $800 mm
President Jair Bolsonaro said he would sign on Wednesday a provisional measure increasing the minimum wage in the country to R$1,110, effective from 1st January, 2021. The readjustment represents an increase of 5.26% over the current amount. The impact on public accounts with the readjustment will be approximately R$4 bn ($800 mm).
Source: UOL Economia
