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Finance Ministry Rules Out Immediate Treasury Rescue for Correios

Dario Durigan labeled any capital injection a last resort.

Overview

  • The ministry said there is no current plan for a cash injection from the National Treasury to the postal operator.
  • Officials outlined an emergency program for 2025 and medium-term measures following the board’s approval of Emmanoel Schmidt Rondon as president.
  • Banking executives recently urged the government to prioritize a solution after reviewing Correios’ deteriorating finances.
  • Correios reported a R$ 4.3 billion loss in the first half of 2025, including a R$ 2.6 billion deficit in the second quarter, driven by a 74% jump in administrative costs.
  • The ministry cautioned that slower economic activity could weigh on revenues while keeping the planned budget expense trajectory unchanged.