Where's the money going?': why Brazilian towns awash with royalties from oil are still among the poorest
Briefly

Presidente Kennedy and Campos dos Goytacazes, despite being enriched by oil royalties from the Campos Basin, continue to struggle with significant social and economic challenges. Both municipalities encounter issues like poor sanitation and healthcare, alongside corruption scandals. The Brazilian government's recent commitment to auction new oil exploration blocks highlights a longstanding promise of oil wealth benefiting local populations. However, an analysis shows a significant number of municipalities receiving high oil revenues still perform poorly on key indicators, indicating that increased wealth does not equate to improved living standards for residents.
Despite receiving substantial oil royalties, Presidente Kennedy and Campos dos Goytacazes still grapple with poor sanitation, inadequate healthcare, and a lack of infrastructure.
The Brazilian government's ongoing commitment to oil exploration, including auctions of new blocks, mirrors promises that oil wealth would benefit the people, though outcomes have often contradicted this.
Analysis shows that many municipalities with high oil revenues per capita still rank poorly in social and economic indicators, revealing a disconnect between wealth and quality of life.
Local councils have used oil royalties to fund projects; however, poverty persists, with nearly 25% of the population still affected despite significant resource availability.
Read at www.theguardian.com
[
|
]