The governor of Rio de Janeiro, Cláudio Castro (PL), said on Tuesday night, the 17th, that the state should use the National Regional Development Fund (FNDR), created by the tax reform, to reduce a portion of the state’s debt. state with the Union. Under the state debt renegotiation project approved earlier by the Senate, forwarded to presidential sanction, state governments will be able to pay off part of the debt by transferring part or all of the state’s receivables flow to the FNDR.
The main objective of the proposal is to allow indebted states to enter the so-called State Debt Payment Program (Propag), with a reduction in the debt index with the Union (up to 2%), with a 30-year payment period. Today, values are adjusted for inflation plus a real rate of 4%.
If 20% of the debt is reduced, the state will obtain more advantageous conditions in debt renegotiation. Under the program approved today, to have the biggest reduction (0%), the state can opt for three combinations: Reduce 20% of its debt with, for example, the transfer of the FNDR, make a contribution to the state equalization fund corresponding to 1 % interest and make your own investments also at 1%. It can also promote an extraordinary reduction of 10% of debt, a contribution to the fund of 1.5% and own investments of 1.5%; and, finally, make a contribution to the fund of 2% and own investments of 2%.
“If it does not reach at least 1.5% (apart from the correction by the IPCA), membership will hardly be viable for us,” said Castro. Among other ways to reduce the debt, Castro cited the transfer of properties to the Union, credits, a settlement of accounts with Petrobras and also the assignment of receivables arising from financial compensation arising from oil exploration – this, in turn, was listed as a last option by the governor.
