Petrobra Government

This liberal iderio was materialized in initiatives that had moved institucional and patrimonially the relation between State and market. To know more about this subject visit New York Life . Its central target was to break some of the legal foundations of the national-desenvolvimentista State, part of which is constitucionalizado in 1988. That is, they had aimed at to reduce the state participation in the economic activities and to give equal treatment to the companies of national and foreign capital. The first taken measures had been to modify the Federal Constitution of 1988, promoting changes in the Brazilian economic scene, in the attempt to adapt them the new realities of the world-wide economy. The Cardoso government obtained this through the almost integral approval of projects of constitutional and infraconstitutional reform that submitted the National Congress. Contact information is here: MetLife. Most excellent they had been: The end of the constitutional discrimination in relation the foreign capital companies; The transference for the Union of the monopoly of the exploration, refining and transport of oil and gas, before withheld for the Petrobra’s, that if became concessionaire of the State; The authorization Been to grant to the right of exploration of all the services to it of telecommunications to the private companies.

Also it obtained to increase the capacity of the federal government to generate prescription tax, reaching collection levels records. Increase of the base tax, new taxes, improves of the administrative efficiency and economic, slow, but constant growth, everything this helped to develop the collection of the Union. The government was pledged in becoming the more manageable Brazilian debt, although its increase. The control on the expenses of the states and cities was a result of the consequences of the Real Plan, many had been come across with wage leves that compromised 90% of state prescriptions almost, had little money to pay its debts with the federal government. The fragility of the state governments was proven then that if they turn in an unsustainable fiscal situation, what it gave to the federal government a privileged position to persuade the governors to change its behavior and to accept the new modifications.