The limit for credit contracts made by bodies and entities of the states, municipalities and the Federal District was increased by the National Monetary Council (CMN) to R$ 6 billion in 2023.
This measure also established a limit of BRL 5 billion for the years 2024 and 2025. Scheduled to come into force on June 1, the change was approved during a CMN meeting held this Thursday (18).
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Of the BRL 6 billion that may be acquired by federal entities in 2023, BRL 3 billion in credit may be taken with a Union guarantee, while the other R$ 3 billion will be available, but will not have this guarantee.
A similar situation occurs with the BRL 5 billion earmarked for 2024 and 2025, with BRL 3 billion being directed to operations guaranteed by the Union, and R$ 2 billion being offered without guarantee without this guarantee.
In a note, the Ministry of Finance explained part of the content of the measure and detailed how society can seek more information about it.
“The expansion of the annual global limits on the amounts in question is in line with the projections of primary result for subnational entities contained in the Law of Budgetary Guidelines (LDO) of 2023. The use of these limits can be monitored by the institutions that make up the financial system and by society, through the Central Bank website”, reported the folder.
In another deliberation also issued this Thursday, the National Monetary Council decided to reestablish the financing permission for acquisition, transport, application and incorporation of agricultural correctives, such as limestone, and other products used in the remineralization of the ground.
This decision was a rereading of existing rules within the scope of the Program for Modernization of Agriculture and Conservation of Natural Resources (Moderagro).
As communicated by the government, until the previous agricultural cycle (2021/2022), this financing modality was restricted exclusively to the Program for Adaptation to Climate Change and Reduction of Carbon Emissions in Agriculture (ABC+ Program).
With the changes, entrepreneurs in the agricultural sector will have greater possibilities for taking credit and greater agility in the processes initiated, according to the Ministry of Finance.
“With the amendment, rural producers will have more alternatives to meet their credit needs, being able to obtain resources quickly to finance the recovery of soils in a timely manner”, informed the organ.
The CMN also gave its endorsement for the allocation of an amount of R$ 6.3 billion from the resources allocated in the Union General Budget for financing granted by the Coffee Economy Defense Fund (Funcafé).
Another measure approved by the government consists of making the guidelines for renegotiating rural credit operations more flexible under the Program National Program for Strengthening Family Agriculture (Pronaf), which will now offer at least three opportunities to renegotiate credit.
According to the Ministry of Finance, this relaxation of the rules for taking credit via Pronaf will be applied in situations where the borrower credit proves that you cannot pay the installments because you are not selling well, you have had problems with the harvest or with the plantations, for example.
“The measure offers family farmers affected by recurrent adverse events an additional possibility to extend the reimbursement period of their debts and thus obtain additional time to regularize the flow of income necessary to honor commitments to financial institutions,” said the Ministry in note.
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