The Senate approved this Wednesday a bill that allows rural producers to finance debt, in a so-called ‘bomb bill’ with a possible cost of up to R$800 billion in ten years, in the federal government’s accounts.
As it was changed during its processing in the Senate, the project will return to the Chamber of Deputies, which will have the final word on the proposal.
Opinion presented by the rapporteur of the matter, senator Renan Calheiros (MDB-AL), foresees the use of the Pre-Salt Social Fund as one of the sources of resources for financing, in a value of up to R$30 billion.
During the production of the report, the senator also suggested the use of additional sources such as surplus funds supervised by the Ministry of Finance and other sources defined by the Executive Branch.
“(Refinancing) is the number one point for rural producers in Brazil”, said the president of the Parliamentary Agricultural Front (FPA), deputy Pedro Lupion (Republicanos-PR).
The Minister of Finance, Dario Durigan, said on Tuesday that “bomb agendas” under discussion in Congress could make Brazil ungovernable, and cited an estimated cost of up to R$800 billion over ten years with the rural debt renegotiation project.
According to the FPA, the impact would not reach R$800 billion. In addition to the R$30 billion from the Social Fund, the BNDES must offer credit of up to R$140 billion. To this account, he said, resources from the Constitutional Funds destined for debt refinancing in the North and Northeast can also be added.
