Brazil Procurement News Notice - 17968


Procurement News Notice

PNN 17968
Work Detail Project that reduces by 50% value for health and education advances in the Senate and goes to House On the same day that it approved a 16% increase in Federal Supreme Court (STF) minister salaries - with an impact of $ 4 billion a year for the Union and states - senators cut in half one of the sources of resources that today reinforce the budgets of health and education. The project still needs to go through the House. A bill approved last Wednesday allocates 50% of the proceeds from the commercialization of oil from the pre-salt layer, which would go to a social fund, to another account, aimed at the expansion of natural gas distribution pipelines and the participation of states and municipalities. Currently, the law determines that all revenue obtained from the sale of oil by the government itself is earmarked for the Social Fund of the pre-salt. This money is collected in the sharing contracts, for which part of the oil produced is delivered to the federal government. The Union markets the product, and the money goes to the Social Fund. Baptized line The approved project changes the allocation of resources. Only half of the pre-salt collection would go to the Social Fund. Another 30% would belong to the participation fund of the states and municipalities. The remaining 20% ??goes to the fund to build gas pipelines.
Country Brazil , South America
Industry Oil & Gas
Entry Date 23 Nov 2018
Source https://www.opetroleo.com.br/recurso-do-pre-sal-pode-ir-para-ampliacao-de-gasoduto/

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