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Brazilian budget freeze not expected to affect naval modernisation

23 May 2019
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Despite public predictions to the contrary, Brazilian naval operations and proposed modernisation projects will likely be unaffected by the "freeze" of 44% Brazil's non-discretionary defence budget, or approximately BRL5.8 billion (USD1.4 billion) for the remaining period of the year, recently detailed by Defence Minister Fernando Azevedo e Silva.

For example, the budget cuts will not delay the following: the anticipated contract signing between state-owned company Empresa Gerencial de Projetos Navais (EMGEPRON) and the consortium Águas Azuis - formed by ThyssenKrupp Marine Systems (TKMS), Embraer Defesa & Segurança, and Atech Negócios em Tecnologia - to acquire four customised MEKO A-100 corvettes for commissioning by the navy between 2024 and 2028; the ongoing construction of four Riachuelo-class submarines with first-of-class S Riachuelo (S40) having been launched on 14 December 2018 for expected delivery in 2020; the launch of important ship tenders; modernisation of submarines, surface ships, helicopters, and fixed-wing aircraft; commissioning of new helicopters; scheduled maintenance of ships; and construction by Arsenal de Marinha do Rio de Janeiro (AMRJ) of patrol ship NPa Maracanã (P72).

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