In July, the Union paid R$ 400.56 million in arrears of state debts, according to the Report on Guarantees Honored by the Union in Credit Operations and Recovery of Counter-guarantees, released today (8) by the National Treasury. Of the total, R$ 162.95 million are debts not paid by the states of Minas Gerais; R$106.67 million from Rio de Janeiro; R$77.46 million from Goiás, and R$53.47 million from Rio Grande do Sul.
This year, there are already R$ 5.02 billion in debts of subnational entities honored by the Union. Those that had the highest amounts honored were the states of Minas Gerais (R$ 1.97 billion), Rio de Janeiro (R$ 1.9 billion) and Goiás (R$ 723.04 million). Rio Grande do Sul (R$399.23 million) and Rio Grande do Norte (R$15.50 million) also appear on the list of entities that had their guarantees honored in 2022.
Since 2016, the Federal Government has paid BRL 46.93 billion in secured debt. In addition to the monthly report, the National Treasury also makes data available on the Honorable Warranty Panel.
The guarantees represent the assets offered by the Union – represented by the National Treasury – to cover possible defaults on loans and financing from states, municipalities and other entities with national banks or foreign institutions, such as the World Bank and the Inter-American Development Bank (IDB). As the guarantor of the operations, he is informed by the creditors that a certain portion of the contract has not been settled.
If the entity does not fulfill its obligations within the stipulated period, the Treasury compensates for the defaults, but deducts the amount covered by blocking ordinary federal transfers, in addition to preventing new financing. There are cases, however, of blocking the execution of counter-guarantees, from the adoption of a tax recovery regime or through court decisions that suspended execution.
In 2022, the Union recovered BRL 29.35 million in counter-guarantees. The entire amount refers to debts paid by the state of Rio Grande do Norte.
