Know which state companies the current Brazilian government intends to privatize

According to the website Poder360, the current Brazilian government announces the list of companies that it intends to privatize to strengthen the federal cash and reduce the public deficit. The companies are:

1. Emgea (Empresa Gestora de Ativos);
2. ABGF (Agência Brasileira Gestora de Fundos Garantidores e Garantias);
3. Serpro (Serviço Federal de Processamento de Dados);
4. Dataprev (Empresa de Tecnologia e Informações da Previdência Social);
5. Casa da Moeda;
6. Ceagesp (Companhia de Entrepostos e Armazéns Gerais de São Paulo);
7. Ceasaminas (Centrais de Abastecimento de Minas Gerais);
8. CBTU (Companhia Brasileira de Trens Urbanos);
9. Trensurb (Empresa de Trens Urbanos de Porto Alegre S.A.);
10. Codesa (Companhia Docas do Espírito Santo);
11. EBC (Empresa Brasil de Comunicação);
12. Ceitec (Centro de Excelência em Tecnologia Eletrônica Avançada);
13. Telebras
14. Correios
15. Eletrobras
16. Lotex (Loteria Instantânea Exclusiva);
17. Codesp (Companhia Docas do Estado de São Paulo).

The government of Jair Bolsonaro, therefore, intends to sell assets to cover a deficit such as social security. In fact, this means giving up capital to pay current expenses. Privatizing to clean up public accounts is a mistake.

However, privatization is currently a necessity as the Brazilian state has no money to make investments, which is being consumed by current spending.

If privatizations were aimed at a national development project debated and agreed between the government and the population, privatization would not be a problem, but in Brazil, the issue is that privatization is often done without a clear definition of the role of capital. foreign capital, the national capital and state capital in the economy of the country. Privatizations are always done in a crisis environment, where the country loses much of its negotiating capacity and ends up selling assets below or their real value or without the guarantees necessary for the agreement to work.

Eletropaulo, for example, a power distribution company serving the metropolitan region of São Paulo, has already been sold twice, first to the US group AES, and then to the Italian Enel. In the first privatization, the US company, to increase productivity, cut costs that eventually hurt the company. Of the 27,000 employees, only 4,000 remained. This has reduced the company's ability to do network maintenance work, thereby harming the population using the service.