The 2027 annual budget bill (Ploa) will include a federal contribution of R$ 6 billion to Correios, the state-owned company going through a severe financial crisis. The capitalization is part of the agreement signed by the state-owned company with a group of banks at the end of last year as part of the R$ 12 billion loan concession and is expected to be completed by the end of 2027. The economic team was discussing whether to make this contribution this year or next, and the decision was to defer it to 2027. So far, no funds have been transferred to the company by the Union.
The capitalization of state-owned companies represents a discretionary expense and must be accounted for within the fiscal framework spending limit. Correios is currently seeking R$ 7 billion from private creditors, as part of the strategy to reverse the negative results of recent years.
Correios closed 2025 with a loss of R$ 8.5 billion, the worst result in the company's history, and the deficit is expected to reach around R$ 10 billion this year. The company is facing a deep financial crisis that has motivated the search for resources from the federal government and private creditors.
