The Rio government can take a loan to pay off debts



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The loan can reach $ 3.05 billion in reverse auctions – where creditors offering higher discounts have priority for debt settlement

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The government of Rio de Janeiro can start to pay debts with suppliers and service providers.The determination is from the law 8.007 / 18, sanctioned by the governor Luiz Fernando Pezão and published in the newspaper

The loan can reach 3.05 billion reais according to the criterion of the inverted auctions – in which the creditors offering a bigger reduction have the priority for the settlement of the debts. in May by the Legislative Assembly of Rio de Janeiro (Alerj), in a single discussion, by 37 votes against 20.

According to the head of government in the House, MP Gustavo Tutuca (MDB), the loan will allow the equation of about 10 billion reais of state debts with suppliers and service providers.

"The executive should have an economy of about 7 billion reais," informed the State Secretariat for Finance and Planning. It is expected that a debt of 10 billion reais will be paid with this loan of 3.05 billion reais. " reverse auctions will be done transparently, on the internet.And the government will only have access to the loan money when these auctions take place," Tutuca said.

If there is a misappropriation of funds in this lending operation, the state government will be barred from new funding until the end of the scheme.

The loan can be made in different national or international financial institutions, according to the criteria established by the Law of the Tax Recovery Plan, which formalized the Rio membership to the RRF, approved in September of the year. last (Complementary Federal Law 159/17). The transactions will be guaranteed by the Union.

Vetos

Governor Luiz Fernando Pezão, however, vetoed three points of the approved project in Alerj, including Article 8, which prohibited the anticipation of royalties and the participation of oil to settle the debts of Rioprevidência, responsible for the payment of retirees and retirees of the state.

The definition repealed Law 6.112 / 11, which authorizes these credit operations. In the justification of the veto, Pezão said the measure is "impertinent to the subject of the message."

Article 7 was also opposed, which defines as a condition of the loan the regularity of payment of wages, including the 13th, delay Pezão said in justification that the measure "is not more relevant ", since the payroll is in order.

Paragraph 1 of Article 6, by which the Parliament should also receive a descriptive report on the application of the proceeds of this loan, was vetoed because this point was already provided in the Law 7.940 / 18. All vetoed parties were added by means of parliamentary amendments

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