JUE 25 DE DICIEMBRE DE 2025 - 19:10hs.
IN CRISIS

Brazilian Post Office wants to create own lottery to raise funds

The president of Correios (National Post Office), Guilherme Campos, announced this week that he will seek Caixa (government-owned bank) to create a Post Office Lottery to help raise funds for the company that is experiencing a serious financial crisis.

According to Guilherme Campos, the Post Office has a national presence and, despite the monopoly of Caixa in the lottery sector, there is a possibility in legislation that would allow the Post Office to explore another lottery of its own.

Currently the Correios do Brasil company is facing a serious financial crisis with the possibility of mass dismissal of employees, many complaints on postal deliveries and a loss of around US$ 640 million in 2016.

According to the Minister of Science, Technology, Innovations and Communications, Gilberto Kassab, the company ended in this situation due to the mismanagement of the previous government that "at some point, withdrew more resources than prudence recommended as dividends."

Source: GMB / Folha S. Paulo