Reassessment of the Fiscal Target of State-Owned Enterprises in Crisis

The fiscal target Brazilian state-owned companies are facing a critical reassessment due to the crisis experienced by the Post Office.

With a loan request of R$ 20 billion to offset a projected loss of R$ 6 billion, the need for adjustments to financial targets becomes imperative.

The increase in the deficit of state-owned companies, which now reaches R$ 9.2 billion, raises concerns about the health of public finances.

In this article, we will examine the current situation of the Postal Service and the potential impact of these changes on the fiscal targets set for 2026, as well as the measures planned for the restructuring of the state-owned company.

Importance of the Primary Net Income Target for State-Owned Enterprises by 2026

The primary surplus target for state-owned enterprises plays a central role in country's fiscal health, functioning as an important anchor for balancing public accounts and for investor confidence.

Fixed in R$ 6.75 billion By 2026, this goal seeks to ensure that state-owned enterprises contribute positively to the federal budget.

The target adjustment occurs in a context where the deficit of federal state-owned enterprises is projected at R$ 9.2 billion, as noted in sources such as the Estadão.

This strategy is aligned with the search for fiscal soundness, especially in light of the crisis faced by the Post Office, which, with estimated losses of R$ 6 billion, stand out as a critical point in the economic landscape.

This context prompts the government to reassess its fiscal targets, promoting more efficient management of public finances and seeking clarity on the financial situations of companies before defining any major adjustments.

Furthermore, meeting the primary surplus target is vital for the maintaining fiscal credibility The government's role in its dealings with international organizations and the market.

Thus, outlining clear and realistic goals not only supports the financial stability of the Statebut it also promotes sustainable economic growth and development.

The Postal Service Financial Crisis and Its Implications

The financial situation of the postal service has become alarming, with an operating deficit that has deepened in recent months, leading the state-owned company to operate at a loss since July.

This crisis not only jeopardizes the company's financial health, but also generates growing concerns within the government regarding public finances, since the projected deficit in state-owned enterprises has increased significantly.

The need for a loan of R$ 20 billion to cover debts and implement a restructuring plan reflects the seriousness of the situation and the implications it has for the national economy.

Details of the R$ 20 Billion Loan and Disbursement Schedule

The funding approved internally for the Post Office is structured in an amount of R$ 20 billion.

The loan terms include guarantees offered by the Union and a favorable interest rate, aimed at minimizing the financial impact on the state-owned company.

This amount will be released in three separate installments to optimize its use:

• First installment of R$ 10 billion, intended to strengthen cash flow and cover outstanding debts, with disbursement expected in 2025.
• Second installment of R$ 5 billion, allocated to restructuring initiatives, including voluntary redundancy plans
• Third installment of R$ 5 billion, dedicated to closing and modernizing branches, in accordance with long-term objectives.

As detailed by specialized reports Regarding the postal service crisis, the expectation is that this financial package will provide the necessary stability for the state-owned company's recovery in the near future.

Possible Adjustments to the Fiscal Target in Light of the Increasing Deficit of State-Owned Enterprises

The increase in the deficit of state-owned companies, which went from R$ 5.5 billion to R$ 9.2 billionThis is generating immense pressure on the goal of R$ 6.75 billion for 2026. This scenario relevant This requires fiscal reassessments and adjustments on the part of the government.

The impact is felt not only in the resizing of debts, but also in the change in investment priorities.

To clarify these values, see the comparative table of indicators:

The government is now analyzing different adjustment scenarios, including raising the fiscal target ceiling or reallocating domestic resources.

Failure to adjust this target could result in additional pressure on public finances and negatively impact investor confidence.

The situation at the Post Office, which leads the deficit among state-owned companies, with R$ 6 billion projected lossThis stands out among the reasons for the reassessments.

The government, aware of the risks associated with an unadjusted fiscal target, seeks effective adjustment strategies.

In summary, a reassessment of the fiscal target is essential in light of the crisis at the Post Office.