{"id":1869,"date":"2025-12-05T17:02:30","date_gmt":"2025-12-05T20:02:30","guid":{"rendered":"https:\/\/holfik.com\/alteracao-no-pldo-retira-r-10-bilhoes-das-estatais\/"},"modified":"2025-12-05T17:02:30","modified_gmt":"2025-12-05T20:02:30","slug":"alteracao-no-pldo-retira-r-10-bilhoes-das-estatais","status":"publish","type":"post","link":"https:\/\/holfik.com\/en\/alteracao-no-pldo-retira-r-10-bilhoes-das-estatais\/","title":{"rendered":"Amendment to the Budget Guidelines Law Removes 10 Billion from State-Owned Enterprises (R$)"},"content":{"rendered":"

Budgetary Prevention<\/strong> This is a crucial topic in public administration, especially during times of fiscal crisis.<\/p>\n

In this article, we will explore the recent change in the 2026 fiscal target, which removes R$ 10 billion from state-owned companies, in response to the government's concern about the financial impact of the situation at the Post Office.<\/p>\n

The measure seeks to avoid distortions in the budget due to financial contributions that could worsen the already significant deficit of the public company.<\/p>\n

Furthermore, we will analyze the challenging scenario faced by the Postal Service, which is accumulating significant losses and has had a loan request denied by the National Treasury.<\/p>\n

Changes to the 2026 Fiscal Target for State-Owned Enterprises<\/h2>\n

The recent change in the 2026 fiscal target, which removes R$ 10 billion from state-owned companies, reflects the economic team's concern about the country's financial health.<\/p>\n

This decision was primarily motivated by the serious situation of the Post Office, which accumulated an operational loss of R$ 6 billion up to September.<\/p>\n

This measure aims to prevent the inclusion of these values from distorting next year's fiscal results, promoting more cautious management of public resources.<\/p>\n

Impact of the Postal Service Situation<\/h2>\n

O operational deficit<\/u> Postal Service<\/strong>accumulating R$ 6 billion<\/strong> Despite losses through September, the country intensified its fiscal warnings.<\/p>\n

This deficit prompted changes to the 2026 fiscal target, incorporating preventative strategies to avoid budgetary distortions next year.<\/p>\n

A loan request of R$ 20 billion<\/strong> The loan from the Post Office was denied by the National Treasury due to extremely high interest rates.<\/p>\n

The 2026 target has already been adjusted.<\/a> to remove R$ 10 billion<\/strong> of state-owned companies.<\/p>\n

“It is imperative to protect the Treasury against growing liabilities.<\/em>\u201c, said an advisor.<\/p>\n

This strategy seeks to safeguard the economy by increasing the importance of government decisions regarding the current crisis.<\/p>\n

Preventive Measure in the Budget<\/h2>\n

Prevention<\/strong> In the 2026 budget, it is crucial to ensure that contributions to state-owned companies do not compromise fiscal transparency.<\/p>\n

By excluding R$ 10 billion from the fiscal target, the rapporteur of PLDO of 2026<\/a> creates a safeguard that prevents distortion in the fiscal result<\/u>.<\/p>\n

This occurs amidst the financial challenges faced by companies like the Post Office, which have accumulated losses of R$ 6 billion.<\/p>\n

Thus, the measure ensures that the economic scenario remains stable, even in the face of potential future investment needs.<\/p>\n

National Treasury's rejection of the Postal Service loan.<\/h2>\n

O National Treasury<\/strong>in a recent decision, The loan request was rejected.<\/u> from the Post Office, which was seeking a line of credit in the significant amount of R$ 20 billion<\/strong>.<\/p>\n

This refusal occurred due to excessive interest rate<\/a> 136% of the CDI, viewed by the Treasury as beyond acceptable.<\/p>\n

A concern about the financial impact<\/strong><\/u> These fees led to the decision, economically impacting the Post Office, which is already facing significant operational losses.<\/p>\n

This scenario highlights the crucial need to rethink financial strategies at this state-owned company.<\/p>\n

Political and Economic Context of the Decision<\/h2>\n

In the current scenario, the 2026 fiscal target is undergoing significant adjustments, resulting from the alignment between the Executive and Legislative branches.<\/p><\/blockquote>\n

The concerns arise mainly from the situation of the postal service, which has accumulated substantial losses up to September, totaling... R$ 6 billion<\/strong> Detailed data on the PLDO adjustment<\/a>.<\/p>\n

To mitigate these impacts, the rapporteur of the 2026 Budget Guidelines Law (PLDO) chose to exclude R$ 10 billion<\/strong> of the fiscal targets of state-owned companies, a strategic move for to preserve public finances<\/u> Despite the adjustment, the balance between the Executive and Legislative branches is crucial.<\/strong>.<\/p>\n

This decision is also driven by the rejection of a loan application from R$ 20 billion<\/strong>which the Post Office intended to capture from the National Treasury, highlighting the government's strict criteria regarding financial conditions.<\/p>\n