ADVERTISING

Latest Photo Galleries

Signs of Tension Signs of Tension

Published on 04/11/2016

Rio: a City in Metamorphosis Rio: a City in Metamorphosis

Published on 11/19/2015

Brazilian Markets

18h16

Bovespa

-0,15% 120.934

16h43

Gold

0,00% 117

17h00

Dollar

-0,57% 5,5530

16h30

Euro

+0,49% 2,65250

ADVERTISING

Energy Surplus May Help Brazil Achieve Fiscal Target

05/05/2017 - 13h45

Advertising

JULIO WIZIACK
FROM BRASÍLIA

The Brazilian government is considering the possibility of auctioning off distributors' energy surpluses, enabling the government to achieve its fiscal target by turning a profit of up to R$ 27 billion (US$ 8.5 billion).

Today, distributors can only sell in a regulated market, with pre-determined prices. The sector is currently putting up with a lack of demand ever since the recession led to an oversupply.

The Government is considering the possibility of freeing up the market, setting aside the use of pre-determined prices and enabling sellers to conduct business with big industries.

The funds would help the government build up revenues in order to tackle a R$ 129 billion (US$ 40 billion) deficit and achieve its 2017 fiscal target.

Translated by THOMAS MATHEWSON

Read the article in the original language

You have been successfully subscribed. Thanks!

Close

Are you interested in news from Brazil?

Subscribe to our English language newsletter, delivered to your inbox every working day, and keep up-to-date with the most important news from Brazil.

Cancel