This paper discusses the possible privatization of Petrobras. It is argued that despite the economic reasons that recommend its sale, probably the prerequisites for it will not exist in the short term. The purpose of the paper is to contribute to the discussion of this proposal, through the...

This paper makes a partial assessment of the Brazilian privatization program in the 1990s. The article focuses mainly on the fiscal impact of asset sales, which, we argue, has been relatively small. We conclude that the failure of the government's stabilization attempts has reduced the fiscal...