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Government sets priority agenda in Congress until legislative recess

Legislative Agenda

Priority is moving forward with Eletrobras' capitalisation and the onerous transfer
published: Jun 14, 2018 06:26 PM last modified: Jun 14, 2018 06:26 PM


 Approval of measures considered as priorities by the Brazilian government are important for the finances of Eletrobras and Petrobras

The Chief Minister of the Government Secretariat, Carlos Marun, said this Thursday (14) that Brazil's government is going to prioritise the approval of Eletrobras' capitalisation proposal, in addition to the onerous transfer. Both endeavours are going through the channels at the Chamber of Deputies and the aim is to get them through by the legislative recess in July.

“Having overcome the issue of the provisional measure that created the Public Security Ministry, our agenda now has two focuses: the privatisation of Eletrobras' distributors and the approval of the onerous transfer", he stated after a meeting with President of the Republic Michel Temer, ministers and parliamentarians.

In the case of Eletrobras, the draft bill at the Chamber of Deputies refers to the sale of distributors belonging to the state-owned company in Amazonas. In the case of Petrobras, it refers to the onerous transfer, with ownership being passed onto another company. The onerous transfer is an agreement where the state-owned oil company paid an amount to the federal government to explore pre-salt areas. According to the minister, there is the belief that these proposals will pass, as they are important for these companies.