Lula Signs Three Decrees to Address State Companies' Record 2024 Deficit

Dec 9, 2024, 06:06 PM

Brazilian President Luiz Inácio Lula da Silva has signed three decrees aimed at modernizing and increasing the revenue of state-owned enterprises. This move comes in response to the government recording the largest deficit in its history with these entities in 2024. The measures are part of a broader effort to strengthen governance and enhance the efficiency of federal state companies, as announced by the government on Monday, December 9. The decrees are seen as an attempt to address the financial challenges faced by these companies.