Flávio Bolsonaro proposes privatizing 95% of Brazilian state companies

Senator Flávio Bolsonaro has renewed the political debate regarding the privatization of state-owned enterprises in Brazil. Speaking at the CEO Conference organized by BTG Pactual, the senator stated that, if elected president, he intends to privatize 95% of state companies.

This agenda aligns with previous policies advocated by the Bolsonaro administration, specifically by former Economy Minister Paulo Guedes, who previously identified Banco do Brasil and Petrobras as potential targets for privatization. Reports also suggest that Daniella Marques, a potential candidate for Flávio Bolsonaro’s economic team, has expressed support for the privatization of Banco do Brasil in closed meetings with investors.