Last Thursday (1) the State of Rio de Janeiro’s Secretariat of Finance paid the last installment of debts for 2022, in the total amount of R$ 292 million. Of this amount, R$ 257 million are related to the debt with the Union agreed under the terms of the new Tax Recovery Regime (RRF).
Governor Cláudio Castro said that “since the approval of the regime, the state has been paying monthly installments, always on the 1st. It is proof of our commitment to the responsible management of public accounts. The Fiscal Recovery Regime allows us to solve our debts and invest in Rio’s growth”, he evaluated.
The RRF ends on June 30, 2031, during which time the state will have special conditions for paying the debt. In this way, you will have financial space to keep, for example, payments to suppliers and servers up to date. The total period for settling the debt, in the current amount of R$ 138.9 billion, is 30 years.
The Secretary of State for Finance, Leonardo Lobo, said that “this year alone, we were able to pay around R$ 1.6 billion of our total debt. We are honoring our commitment within the Tax Recovery Regime, which enables the state to start settling liabilities while reorganizing its finances. The secretary added that, next year, the estimate is to settle another R$ 4.13 billion in debts related to the RRF alone.
The state of Rio applied to join the New Tax Recovery Regime in May 2021 and had the request accepted the following month. From then on, the preparation of the Tax Recovery Plan began, which received adjustments in legal and economic-financial aspects until it was ratified by the federal government in June of this year.
