Government pays R$ 1.34 billion in overdue debts in eight states in February, says Treasury

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Debts from RJ, RS, GO, MA, PI, PE, ES and MG were honored. In 2022, the government, which is the guarantor of loans taken by the states, had to pay R$9.78 billion. The National Treasury Secretariat informed this Tuesday (7) that the Union paid, in February, R$ 1.34 billion in overdue debts of eight states. The amounts were paid because the Union acted as guarantor of the states in these credit operations with financial institutions. The states that had debts paid by the federal government in February are: Rio de Janeiro – R$ 193.4 million Goiás – R$ 76.7 million Rio Grande do Sul – R$ 61.3 million Maranhão – R$ 44.7 million Piauí – R$ 44.3 million Pernambuco: R$ 41.4 million Minas Gerais: R$ 847.7 million Espírito Santo: R$ 31.6 million. In the first two months of this year, the National Treasury paid R$ 2.25 billion in state debts. In 2022, the National Treasury honored R$9.78 billion in overdue debts from states and municipalities. Since 2016, the Union has paid R$53.94 billion. Union as guarantor The Union can guarantee loans taken by states and municipalities if the requirements established by the National Treasury are met. Having the Union as guarantor reduces the interest on these operations. What is the real situation of public accounts? When the state or municipality does not pay the installments, the federal government, represented by the National Treasury, is notified by the creditors. In view of this notification, the Union pays the amounts due, which incur interest, arrears and other operating costs. At the same time, the Treasury begins the process of credit recovery, provided for in the contract. Recovery is usually done through blockages in transfers from the State Participation Fund (FPE) or the Municipal Participation Fund (FPM). However, some states have managed in court to avoid the blocking of funds, while others have adhered to the Fiscal Recovery Regime (RRF) – which also suspends the execution of the so-called “counter-guarantees”. “The Union is also prevented from executing counter-guarantees from some states due to judicial decisions handed down by the Federal Supreme Court (STF),” informed the Treasury. VIDEOS: economic news

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