BRThe article reports that 44 federal state-owned enterprises (estatais) in Brazil reached a combined net worth of 1 trillion Brazilian reals by the end of 2025, marking the first time this milestone was achieved. The majority of this value comes from Petrobras and three banks—Brasil, BNDES, and Caixa Econômica Federal—which account for over 90% of the result. These companies recorded a profit of 169 billion reals in 2025, representing a 45% increase compared to the previous year. This performance corresponds to 4.9% of Brazil’s GDP, down slightly from 5.3% in 2024. The data comes from a report released by the Ministry of Public Service Management and Innovation. The ministry attributes the growth to improved management practices, increased revenues, and reduced expenses. The report contrasts with figures from the Central Bank, which reported a deficit of 5 billion reals for 20 state-owned enterprises, citing differences in accounting methodologies. The article highlights criticism of the Central Bank’s approach, which uses IMF guidelines that classify certain activities as deficits, while the Ministry’s report uses traditional corporate accounting methods. It also notes that the 'st
Lectura del sesgo (Centro): The article presents a balanced comparison between two different accounting methodologies used by the Ministry of Public Service Management and the Central Bank. While it criticizes the Central Bank’s approach, it does not overtly favor one side politically. The focus is on economic data and method论
