Funds from Science will finance the modernization of the Taurus plant

Finep – Financier of Studies and Projects, an agency linked to the Ministry of Science, Technology and Innovation (MCTI), chaired by Minister Luciana Santos (PCdoB), will release funding of R$ 175,710,888.55, under the title “Financing Part of the Strategic Innovation Plan for Competitiveness (PEI), registered At FINEP No. 2409/2022. This announcement was made by the company in a physical fact sent today (14) to the financial market.

Science money is being channeled into modernizing a weapons factory, at a government that preaches disarmament and has refused to supply Ukraine with ammunition to fight Russia. However, President Lula and the Minister of Defense, José Museo Montero, are interested in pacifying the military wing, after the January 8 coup attempt. For this purpose, it was created movement in favor of the recovery of the Brazilian military sector, a project that was in charge of the former head of BNDES in the administration of Dilma Rousseff; Luciano Coutinho.

The funding granted by Finep to Taurus is from father to son. Because in addition the interest rate is TJLP of 0.385% every year; The grace period for the money to start returning to public coffers will be 36 months. The total financing period is 144 months, and Taurus will only invest R$18.5 million in the business.

The agreement is signed by the Bolsonarist Council that still occupies Finep, as the new team has not been formally appointed by the government. By the way, Luciana Santos’ Ministry of Science, Technology and Innovation has not hired practically anyone, which is a rare case on the Esplanada dos Ministérios, where almost all other portfolios have completed at least the first level assembly.

However, it seems that the minister does not face any difficulties in managing the Ministry of Commerce, Industry and Tourism, as she remains calm on pointless international trips, without worrying about these administrative “details”. MCTI is banned, but it is just talk by the opposition, that it works where it is needed, as in this case that Bolsonarist Finep is still in agreement with an arms maker.