The Brazilian states will privatize state-owned companies under the legislative assembly to increase the national treasury. The privatization of state-owned companies is part of an ambitious privatization incentive plan of economic team. According to a survey by the State Observatory of the Getulio Vargas Foundation (FGV), there are 240 public or mixed-economy companies in the hands of governors. Of this total, 30% are in the seven states that have already decreed financial calamity, including Rio.

The privatization incentive plan would be part of the ongoing financial equilibrium package. The idea is that the states can anticipate the resources that will be collected through the sale of state-owned companies.

The states of Rio and Minas Gerais already have had trouble for privatization of Cedae and Cemig, facing issues of the state legislature and poor position of companies.