Haddad announces agreement with governors to compensate states by R$ 26.9 billion for ICMS losses

[ad_1]

The agreement was announced to compensate for the losses that the states had with two laws enacted by the Bolsonaro government, aimed at lowering the price of fuel and electricity. The Minister of Finance, Fernando Haddad, announced this Friday (10) an agreement with the state governors to compensate losses with the reduction of the rate of ICMS, state tax, on fuels in the amount of R$ 26.9 billion. Until last week, this amount had not yet been closed. The amounts will be deducted from the debt with the Union of states. Those who do not have debts will receive contributions of resources. Initially, according to the president of the National Committee of Finance Secretaries of the States and the DF, Carlos Eduardo Xavier, the states had asked for R$ 45 billion, a value that later fell to R$ 37 billion. The states even reported that limiting the rate at 18% generated losses of BRL 45 billion in the last six months of 2022, but the agreement was closed at the value of the last proposal made by the Ministry of Finance, at BRL 26.9 billion . “We arrived at a number that, in an agreement… When it is an agreement, it is never satisfactory for anyone. He says that it was based on technical parameters. Technically, the work was intense,” said Minister Haddad to journalists. According to the governor of Piauí, Rafael Fonteles, the states could not discuss the tax reform, negotiated in the National Congress, without resolving the 2022 fuel disputes. “The states are interested in this issue [reforma tributária], Brazil is behind on the tax issue, this reform we strongly believe has conditions to be voted on and approved this year”, he said. R$ 9 billion already compensated According to Haddad, “a good part” of the repair value has already been resolved, because some states managed to obtain an injunction not to pay their debt installments with the Union. This is the case, for example, of the states of São Paulo and Piauí. As a result, approximately R$ 9 billion have already been offset through the injunctions granted by the Federal Supreme Court (STF) to debtor states of the Union within the scope of the Working Group created by the court. The rest will be deducted from the installments of the debt with the Union or paid by the Union (for States with small debts with the Union or even without debt) until 2026. According to Minister Haddad, the amount that is not compensated will be “diluted over time”, as a way of mitigating the impact on public accounts. “This agreement does not affect our projections either this year or in the future”, he said. minister announced u n package of measures, focused mainly on raising revenue, with the aim of reducing the estimated shortfall in public accounts this year from R$ 231.5 billion to less than R$ 100 billion in 2023. According to the National Treasury, the reduction in state debt, or payment for those who do not have debts, will be R$ 4 billion in 2023. The remainder will be divided into installments until 2026. See how the reimbursement will be carried out States that owe up to R$ 150 million: 50 % in 2023 and 50% in 2024 with resources from the National Treasury States that have to receive between R$ 150 and R$ 500 million: 1/3 of the amount to be received in 2023 and 2/3 in 2024 Above R$ 500 million to receive: 25% in 2023, 50% in 2024 and 25% in 2025 States in Tax Recovery Regime (Rio de Janeiro, Goiás and Rio Grande do Sul): same rules as the previous ones, but the additional BRL 900 million will be compensated in debt in 2026 Background The agreement was announced to compensate the losses that the states had with two sanctions laws ioned by the Bolsonaro government in 2022, aiming to lower the price of fuel and electricity in the year of general elections. These laws: limited the collection of ICMS on fuel, electricity and telecommunications to the modal rate of each state, which was normally 18%. determined the withdrawal of two electricity rates (Tust/Tusd) from the ICMS calculation base. Last week, the Federal Supreme Court (STF) formed a majority of votes to confirm the suspension of the withdrawal of Tust/Tusd ( Tariff for Use of the Transmission System / Tariff for Use of the Distribution System) from the ICMS calculation base, at the request of 11 states and the Federal District. The states say that, every six months, they fail to collect approximately R$ 16 billion, just with the change in the basis of the calculation. The Ministry of Finance does not cite values, but informed that it will seek to support the states, together with the STF, in the TUSD/TUST and gasoline issues.

[ad_2]

Source link