Brazilian Government Expects R$6 Billion from Sale of Properties

"The government's goal is to divest the properties that have no use, which end up being abandoned," said the Secretary for the Coordination and Governance of Federal Assets, Fernando Bispo.

RIO DE JANEIRO, BRAZIL - The federal government expects to raise R$6 (US$1.5) billion in 2020 from the sale of its real estate holdings.

The forecast is to raise R$3 billion from the auction of 425 properties, including land, apartments, houses and stores, and the remainder from the sale of a portion of 100,000 plots of land under an outdated "forum" regime (similar to a a perpetual lease).

Under these "forum" contracts, citizens or . . .

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