The new state-of-the-art debt renegotiation program, opened this week by the government, has the potential to generate investments of up to R $ 20 billion by entities in 2026, with an impact for following years, the National Treasury Secretary, Rogério Ceron, said on Monday.
Sanctioned in January, the law that created a program of full payment of debts of the States (Propag), was regulated this week, becoming valid for adhesion of the states.
The program foresees interest on debt balance and installment discounts within 30 years and creates an equalization fund to compensate states in good fiscal situation. Benefit be benefited by interest reduction will be counterparted to the requirement of investment in areas such as education and security.
Amid the Central Bank attempt to cool the activity to control inflation, Ceron argued that the amount of $ 20 billion is the potential if there is adhesion of all states, arguing that the macroeconomic effect will be balanced.
According to the secretary, the value does not necessarily determine a tax expansion of $ 20 billion because according to the rules imposed by the government, the amount expanded in investments will be reduced from the limits of state credit concession. Therefore, according to him, the overall impact is neutralized.
In January, the Treasury reported that state debt renegotiation can have a financial cost of up to R $ 106 billion for the federal government in five years, considering “boundary scenarios”, with adhesion of all entities.