Federal debt renegotiation program will focus on people who receive up to 2 salaries

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The first stage of ‘Desenrola’ should be launched in February and can serve around 40 million debtors. Fund with money from the Union will honor bank losses in case of default. Money coming out of an ATM Ana Lícia Menezes/PMA/Disclosure The debt renegotiation program to be launched by the federal government will focus on debtors who earn up to two minimum wages. Named Desenrola, the program should be launched in February with the potential to serve around 40 million people. GloboNews found that a fund with resources from the Union will be used to honor the debts of the indebted in case of default. In this way, the risk for banks would be lower and the program would be more attractive to financial institutions. Desenrola was a campaign promise of President Luiz Inácio Lula da Silva (PT). Conversations between the Ministry of Finance, financial institutions and credit bureaus for the implementation of the measure are advanced. Program tracks According to the president of the Brazilian Federation of Banks (Febraban), Isaac Sidney, the focus of the program will be people who earn up to 2 minimum wages and who are in default, that is, negative. He estimates that there are 35 million to 40 million people in this situation. In this specific range, the program will rely on money from the Treasury. A fund that must guarantee 100% of defaults that may occur. The program, according to Sidney, should also have a second range of recipients – made up of those who earn more than three minimum wages. In this segment, the banks would assume the risk alone, without the Treasury’s guarantee. In the range of three minimum wages, the government should demand that banks offer a little credit to be entitled to participate in the range of two minimum wages, which will be practically zero risk. Number of indebted and defaulters hits record for the third consecutive month in September Value of renegotiation Technicians who accompany the planning of the program say that, in the range of two minimum wages, the idea is to limit the renegotiation of debts of up to R$ 5 thousand per negative. In addition, the idea is that the program as a whole will only agree to renegotiate debts incurred by December 2022. The fear is that, if there is no deadline, the program will end up being a stimulus to default. The economic team, say sources, is still studying whether to use the same guarantee fund used to guarantee Pronampe loans – an emergency credit line aimed at micro and small companies created during the pandemic and which also has Treasury resources. There is the possibility of creating a new background. Technicians from the economic team estimate that around R$ 8 billion – which today are in the Pronampe guarantee fund – would be enough to guarantee the first stage of the program. But the government cannot leave Pronampe too unguarded, so the Union would put in a little more money. Debt profile Data from Serasa, referring to October 2022, compiled by Febraban, indicate that the country has 69.1 million negatives, equivalent to 42.6% of the adult population. These are debts totaling R$ 301.5 billion and which are distributed as follows: 14.9% in financial institutions 28.8% in banking institutions 66.3% in other companies, such as retailers, electricity, water, gas companies and telephony Therefore, the idea is that banks buy these debts at a discount and offer more favorable interest and term conditions for the consumer to settle the debt. Website According to Febraban, the idea is to create a portal in which the negative person enters their CPF. From there, the database of the credit bureaus will identify which overdue debts the person has and with which companies and institutions. Companies will then be called and will have to grant a minimum discount in relation to that debt. At that moment, the banks will make offers to assume that debt. The bank that offers the best conditions will be selected.

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