O National Treasury edited ordinance that creates the Coged (Federal Public Debt Management Committee), to outline strategies to manage debt “at the lowest cost in the long term, respecting the maintenance of prudent levels of risk and, additionally, seeking to contribute to the proper functioning of the Brazilian public securities market”.
The text was published in DOU (Official Gazette of the Union).
O .
The board must also propose one for the DPF, covering a ten-year horizon, which must be updated at least once a year.
The committee will also outline the annual financing strategy for and references for its indicators, which must be made official within the scope of the PAF (Annual Financing Plan), in addition to establishing the auction schedule for the DPMFi (domestic federal public securities debt).
The ordinance provides for the reassessment, in the first two quarters of each year, of the annual strategy and reference limits for its indicators published in the PAF.
Coged is also responsible for the monthly strategy for the federal public debt, which represents a guideline for issuances throughout the month; guidelines and strategic issues related to Tesouro Direto; premises for the preparation of the Debt budget proposal; proposal for budget of debt; and others matters relevant for the management of DPF.
