The Ministry of Planning reported on Friday, 30, that the revenue of R $ 1.4 billion to be rescued by the government in the Operations Guarantee Funds (FGO) and Educational Credit Operations (FGEDUC) will only be incorporated into the next Revenue and Expenses Assessment Report, which will be released on July 22.
These appeals will serve to compensate for the loss of revenue from the decision of the Ministry of Finance – from the reactions of the financial market – to review part of the decree on the 22nd that raised the Financial Operations Tax (IOF). According to the planning, R $ 1.25 billion will come from FGO and R $ 125 million will come from FGEDUC.
In a press release, after the publication of the decree that details, by body, the blockage of R $ 31.3 billion in the 2025 budget, the planning says: “Thus, additional quota redemption revenue will compensate for the reduction in IOF collection estimate, and there is no change in the containment of primary expenditure informed in the 2nd RARDP (Revenue Evaluation Report). Therefore, these estimates will be incorporated into the next reassessment of primary revenues and expenses, along with other projection adjustments that may occur until the next report is released. ”
On Thursday, 29, the Secretary of the National Treasury, Rogério Ceron, said that the government has already officialized the request to rescue funds. He said it was likely that some value will enter the Union coffers in the coming weeks, at most one or two months and then at the end of the year.
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The government announced last week the decrease in increasing IOF on funds transfers for investment funds abroad, and maintained the tax rate on investments for individuals at 1.1%.
The economic team estimated that all proposals announced last week (IOF Seguro, IOF CREDIT Enterprises and IOF exchange) could together generate a collection of R $ 20.5 billion in 2025.
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Changes in the decree before it comes into force will have an impact of $ 1.4 billion. During the press conference, the farm technicians pledged to inform the estimated collection of each measure, but the material has not yet been sent to the press.
The broad revision in IOF was edited by the government to compensate for part of the frustration with extraordinary revenues, necessary to ensure compliance with the zero deficit primary result target. Last week, the farm reported a reduction of nearly $ 90 billion in measures that were part of the revenue package announced last year.
