Economic and financial aspect
In recent years, Correios can celebrate the excellent financial results achieved in terms of revenue and operational profits. However, this profitable and self-sustaining profile has not always been the hallmark of the Correios.
When it was created in 1969, it depended on the economic support from the Federal Government to pay its employees and modernize its structure. This bond, on one hand, ensured the maintenance of the company, but, on the other hand, made Correios’ finances most vulnerable to the changes in the economic policies made by the Federal Government.
In the 1970's, in the era of the “Economic Miracle”, Correios used the good “winds” of the economy to grow and make investments in infrastructure.
In the inflationary 1980s, successive economic plans meant that the company suffered some setbacks in its financial administration. The most notable were the ones of 1986, with the implementation of the Cruzado Plan, and of 1990, the Collor Plan. Although these were different times, the reason that led the company to tighten its belt was the same as the freezing of postal rates on the eve of their adjustment, which generated strong economic and financial imbalances.
The control of inflation in the 1990s brought stability and sustainability to the company. Since 2002, policies to balance expenditures, investments in staff training and technological innovation, combined with the optimism of the global financial market, have made Correios end the years 2007 and 2008 with the best figures in its history.