State-Owned Companies

The federal government updated the 2025 budget expense containment to R$ 7.7 billion, a R$ 4.4 billion reduction from the previous projection of R$ 12.1 billion. The measure, disclosed in the 5th bimonthly Revenue and Primary Expenses Assessment Report (RARDP) on November 21, aims to meet the zero deficit fiscal target. The rise in state-owned companies' deficit, driven by Correios, will require an additional R$ 3 billion Treasury contribution.