Home Business Petrobras Fines R $ 2.5bn for Education, Says Minister Guedes

Petrobras Fines R $ 2.5bn for Education, Says Minister Guedes



Economy Minister Paulo Guedes said that the Attorney General’s Office, Raquel Dodge, has the suggestion of spending US $ 600 million (about R $ 2.5 billion) in fines from Petrobras for education. He participates in a public hearing at the Senate Mixed Budget Committee that discusses the Draft Budget Guidelines Act (LDO) of 2020.

“Preferably, on the recommendation of the [attorney general, Raquel] Dodge, and it will be well accepted out there, it can be redirected to education. Something that is being considered too, “said the minister. “Petrobras is paying a significant fine for the corruption problem, the legal question of the SEC [Security Exchange Commission]. Dodge’s thesis is that Petrobras was a victim. Those who were in there perpetrated excesses and [the state] was ordered to pay $ 600 million, almost $ 3 billion, of fine. They pay the Union, which has to redirect that money. ”

Guedes reiterated that the 30% contingency of the (non-compulsory) education budget, in fact, results in a blockade of 3.6% of the total budget for the area. This is because discretionary funds amount to 12% of the budget. “If we are to do the accounts, 30% of 12%, gives 3.6% of the total,” he said.

The minister said that he did not participate in the decision to contingency the funds of education and that this type of decision belongs to the Ministry of Education itself and to the Planalto Palace. “For me, there would be only ten ministries and all with much smaller sums,” he said.

Regarding the renegotiation of the military career plan, the minister said that when the negotiations took place, the economic team made it clear that everyone had to contribute a portion of the sacrifice. Guedes said that the Ministry of Economy said that the government had requested that the project with the readjustments for the category be sent later to the proposal reforming pensions and pensions of the military, but that the Armed Forces preferred that both proposals be sent simultaneously to avoid the impression that the military was willing to take advantage of the situation.

“When the negotiations took place, we were clear that everyone has to get into the [Social Security reform] SUV. There has been a lot of talk about it, that we should all contribute. We asked to divide the thing into two parts and send first the pension reform of the military and then the reformulation of careers. They [the military] said it was better to go simultaneously, “he said.