OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934
For the month of March, 2008
(Commission File No. 1-14862 )
Camacari, Bahia - CEP 42810-000 Brazil
Form 20-F ___X___ Form 40-F ______
in paper as permitted by Regulation S-T Rule 101(b)(1). _____
in paper as permitted by Regulation S-T Rule 101(b)(7). _____
Indicate by check mark whether the registrant by furnishing the information
contained in this Form is also thereby furnishing the information to the
Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes ______ No ___X___
Braskem – Ordinary General Meeting – March 26, de 2008
| ANNUAL MEETING 2008 | |
| Capital Budget | |
| Statement of funds used and provided - 2008 | |
| R$ thousand | |
| Retention of profits at 12/31/2007 | 237,601 |
| Generation of cash before investments | 1,628,350 |
| Financing / Loans | 1,428,500 |
| Total funds provided | 3,294,451 |
| Uses | |
| Investments | (649,111) |
| General stoppages and deferred charges | (260,508) |
| Capital contributions / Acquisitions | (1,046,177) |
| Repurchase of shares | (250,000) |
| Repayments | (1,248,695) |
| Total funds used | (3,454,491) |
| Net (funds provided – funds used) | (160,041) |
| ANNUAL MEETING 2008 | |
| Capital Budget | |
| Statement of funds used and provided 2008 | |
| R$ thousand | |
| Investments | (649,111) |
| Basic Petrochemicals Unit | (241,446) |
| Polyolefins Unit | (127,496) |
| Vynils Unit | (147,994) |
| CPL Unit | (5,057) |
| PEV Unit | (60,557) |
| Corporate | (66,562) |
| Stoppages / Deferred charges | (260,508) |
| Basic Petrochemicals Unit | (177,200) |
| Polyolefins Unit | (33,969) |
| Vynils Unit | (37,010) |
| CPL Unit | (1,273) |
| PEV Unit | (5,729) |
| Corporate | (5,328) |
| Capital contributions / Acquisitions | (1,046,177) |
| Payment - Ultra | (596,000) |
| Contribution - PP Venezuela | (63,202) |
| Contribution - Jose Venezuela | (104,880) |
| Contribution - PPSA | (34,000) |
| Final portion - Politeno | (248,095) |
Proposal for aggregate yearly compensation of the Managers and
the Members of the Fiscal Council – fiscal year of 2008
1. Managers
| Officers and Members of the Board of Directors | R$ 28,305 |
2. Fiscal Council
| Members of the Fiscal Council | R$ 476 |
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date: March 25, 2008
| BRASKEM S.A. | |||
| By: | /s/ Carlos José Fadigas de Souza Filho | ||
| Name: | Carlos José Fadigas de Souza Filho | ||
| Title: | Chief Financial Officer | ||
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates offuture economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will a ctually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.