PortosRio gains leadership in budget execution among public ports

The Secretariat for Coordination and Governance of State Companies of the Ministry of Management and Innovation in Public Services (SEST/MGI) has released the Budget Execution Report for State Companies in the first four months of 2024, highlighting PortosRio’s outstanding performance. Among the companies under the Ministry of Ports and Airports, PortosRio achieved an execution rate nearly double that of the second-place company and triple that of the third.

With an execution rate of 16.5% of its budget allocations, PortosRio exceeded the overall average of 14.2%, securing the highest budget execution rate among public ports in Brazil. The report also ranks PortosRio fifth among all federal state-owned companies.

Francisco Martins, president of PortosRio, celebrated the achievement: “This performance reflects the commitment of the company and its staff to the efficient and transparent management of public resources allocated to the development of its activities. However, our goals are very ambitious, and the monitoring of investment is permanent.”

The 2024 investment budget, approved by the Annual Budget Law, totals R$151 billion. This budget supports projects for 39 federal state-owned companies across various sectors: 7 in the financial sector, 2 in the storage and supply of agricultural products, 10 in commerce and services, 2 in electrical energy, 3 in manufacturing, 8 in oil, ethanol, biodiesel, natural gas, and derivatives, 6 in port administration, and 1 in the development and administration of airport infrastructure.

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