The BNDES attempts to postpone the return of 70 billion reais to the government for 2019

Rio de Janeiro – $ 70 billion referring to the payment of cash transfers received by the bank during PT PT according to two sources close to the discussions.

A meeting between the bank's summit and Treasury officials, led by Minister Eduardo Guardia, should take place in the coming days "There is no date for the meeting, but we will discuss the need to come back this year, "said one of the sources, who requested anonymity

in and the board of directors of the Development Bank recently approved the transfer of 30 billion additional euros, for a total amount of 130 billion reais.

The other two plots We expect this to happen in the second half of the year, but the possibility of pushing back this deadline to 2019 is on the agenda, according to sources.

The deferral of the two installments until 2019 should help the bank to plan the liquidity, the origin of the funds and the medium-term financing, because in the short term, there is no disbursement problems in the face of low economic activity and demand for resources

. current projections indicate the possibility of a return to the national treasury of 130 billion reais in 2018, in full compliance with disbursement forecasts and in full compliance with prudential limits. The return of R $ 70 billion in the second half of the year is included in the year's financial programming. "

According to sources, BNDES's outstanding Treasury account amounts to about R $ 250 billion and the delivery schedule for the next few years is being negotiated." This devolution is under discussion and there are no values ​​and deadlines already defined, "said the first source.In the PT governments, the BNDES was irrigated with about 500 billion reais in Treasury resources.

The BNDES seeks to postpone the return of the appreciation of the dollar against the real, which would generate positive results for the central bank, helping the government to respect the so-called golden rule this According to the source, the rule prevents the government from issuing debts to pay current expenses, such as salaries and expenses of the public machine.

The last $ 30 billion approved by the government the council of the ba nque should be handed over to the government Thursday

At the end of May, President Michel Temer declared that the BNDES would anticipate the payment schedule of 100 billion R $ to the Treasury.

At the time, the Treasury had informed that the lack of resources for compliance with the rule of gold this year reached R $ 181.9 billion and that the BNDES advance payments were included in the calculation to cover the hole.

For 2019, the Treasury calculated at the end of May a deficiency of 260, 2 billion reais to comply with the rule of gold. For 2020 and 2021, it provided for a deficit of 307.3 billion Reais and 228.4 billion Reais, respectively.

"In fact, the result of Bacen would not pay anything else this year.It must be seen if there is room for this in the Treasury accounts," says the second source .

At the Ministry of Finance, the position is still that the BNDES will make full anticipation of payment of 130 billion reais to the Treasury

"We are confident that they will respect what they published in May, "added the ministry source.

In April, the dollar accumulated an increase of 6.16% from the real, and in May, it was higher than in May. An appreciation of 6.66%, which has led British Columbia and the Treasury to work together to try to further balance the financial markets. Since February, the dollar has gained ground against the real, and from there at the end of May, the jump was 17.59%. And in June the day before, the accumulated peak was 3.72%. Currently, British Columbia's international reserves are around $ 380 billion