Government publishes provisional measure that opens R$93 billion in extraordinary credit for payment of court orders

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The opening of credit and the adoption of an alternative model for payment of court orders were authorized by the Federal Supreme Court. With this amount, the government estimates that the stock of court orders will be zero in 2024. The federal government published a provisional measure on Wednesday night (20) that opens extraordinary credit of R$93 billion for the payment of court orders. Precatório are government debts recognized in court and for which there is no further appeal. At the end of November, the Federal Supreme Court (STF) issued a decision that allowed the federal government to pay court orders in an alternative model to what had been in force until then. In 2021, the Jair Bolsonaro government approved the PEC dos Precatório, which established a ceiling for the payment of these debts each year. This would be valid until 2026. The idea was to pay less than what should normally be paid, to avoid a hole in the government’s accounts. But the Lula administration understood that this measure would generate an accumulation of court orders that would be practically unpayable after 2026, due to interest rates. Therefore, he called the STF to return to normal payment. The STF authorized the government to return to the previous rule and open extraordinary credit. With a value of R$93 billion, the government claims that it will be able to eliminate the entire stock of court orders by 2024.

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