Approved by the Senate, the Fiscal Sustainability Amendment Guarantees R$ 1.5 Trillion in Forgiveness and 30-Year Installments for Municipalities, While Citizens Remain Without Debt Relief, Exposed to High Interest Rates and Short Deadlines

Written by Noel Budeguer

Published on 03/09/2025 at 09:03

Updated on 03/09/2025 at 09:04

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Municipalities Win “Billionaire Forgiveness” of R$ 1.5 Trillion and 30-Year Installments with the Fiscal Sustainability Amendment, While the People Remain Suffocated by Debt

Approved in the second round in the Senate on Tuesday (2), the PEC 66/2023, dubbed the Fiscal Sustainability Amendment, promises to relieve municipal coffers by an impressive R$ 1.5 trillion over the coming decades.

Mayors and managers celebrate what they call a “historic achievement.” But one uncomfortable question remains: why can governments renegotiate debts with 30-year terms and lower interest rates, while the population remains crushed by bills, credit cards, and loans with abusive rates?

The Municipal Refis

The proposal, orchestrated by the National Confederation of Municipalities (CNM), completely changes the way Brazilian cities handle their overdue accounts.

ARTICLE CONTINUES BELOW

Court Orders and Detachment: More Flexibility for Mayors

Another central change lies in the payment of court orders, which are now limited to 1% to 5% of the Net Current Revenue of municipalities. In practical terms, it’s as if the government is saying: “pay only when you can, and a little at a time.”

Additionally, the PEC guarantees unprecedented freedom in managing finances: mayors can use up to 50% of tax revenues, fees, and contributions until 2026 and then 30% until 2032, including surpluses from municipal funds.

For the citizen, however, there is no such flexibility: taxes are due every month, with no chance of detachment or leeway. The tax man does not accept eternal installment plans.

Hidden Benefits: Pasep and Forgiveness of Charges

The measure also eliminates the charge of 1% of Pasep on municipal social security funds. It may seem small, but it represents over R$ 62 billion by 2055.

On top of that, there is the forgiveness of fines, interest, and charges on social security debts, resulting in relief that any Brazilian would love to see on their bank statement.

The CNM celebrates an economy of R$ 1.5 trillion, distributed across various fronts:

R$ 1 trillion just from changing the indexers of debts until 2055;
R$ 251 billion from the detachment of revenues until 2032;
R$ 41.4 billion from reductions in interest and fines;
R$ 88 billion from renegotiation of the RGPS;
R$ 62.1 billion from exemption from Pasep.

While mayors see “fiscal sustainability,” the average citizen sees inequality: the government takes care of itself and forgets who finances the public machine every month.

The Point That Was Left Out

Curiously, the only point rejected in the text was the obligation for municipalities with their own social security systems (RPPS) to adopt rules similar to those of the Union.

This measure would have brought an additional saving of R$ 9.8 billion per year. Not even that passed.

The History of a Privilege

The PEC was suggested in 2023, gained traction in 2024, and consolidated in 2025 with extensive political mobilization. There were meetings with senators, ministers, and marches in Brasília.

The result has come now: mayors receive a luxury forgiveness, an installment plan that any indebted Brazilian would love to have in hand.

The Question That Won’t Be Silenced

While the Fiscal Sustainability Amendment is celebrated in Brasília as a historic victory, real life remains tough for most of the population.

Those with debts on credit cards, student loans, bank loans, or even overdue taxes do not see any “sustainability plan.”

The feeling is clear: there is a Brazil for public managers and another for the common citizen. For municipalities, forgiveness, installment plans, and lower interest rates. For the people, relentless collection, short deadlines, and abusive interest rates.

The PEC resolves the future of the municipalities. But who resolves the future of the people?

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Approved by the Senate, the Fiscal Sustainability Amendment Guarantees R$ 1.5 Trillion in Forgiveness and 30-Year Installments for Municipalities, While Citizens Remain Without Debt Relief, Exposed to High Interest Rates and Short Deadlines

Municipalities Win “Billionaire Forgiveness” of R$ 1.5 Trillion and 30-Year Installments with the Fiscal Sustainability Amendment, While the People Remain Suffocated by Debt

The Municipal Refis

Court Orders and Detachment: More Flexibility for Mayors

Hidden Benefits: Pasep and Forgiveness of Charges

The Point That Was Left Out

The History of a Privilege

The Question That Won’t Be Silenced

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Approved by the Senate, the Fiscal Sustainability Amendment Guarantees R$ 1.5 Trillion in Forgiveness and 30-Year Installments for Municipalities, While Citizens Remain Without Debt Relief, Exposed to High Interest Rates and Short Deadlines

Municipalities Win “Billionaire Forgiveness” of R$ 1.5 Trillion and 30-Year Installments with the Fiscal Sustainability Amendment, While the People Remain Suffocated by Debt

The Municipal Refis

Court Orders and Detachment: More Flexibility for Mayors

Hidden Benefits: Pasep and Forgiveness of Charges

The Social Cost of “Sustainability”

The Point That Was Left Out

The History of a Privilege

The Question That Won’t Be Silenced

A giant half-ton ring fell in Kenya from space, and more than a year later, scientists still do not know where it came from.

Seen from space, an image taken by an astronaut shows an unlikely oasis in the Saudi Arabian desert, protected by a terrain that slows the advance of sand, surrounded by green circles, remnants of an extinct lake and nearly 10,000 years of preserved history.

In Botswana, a salt flat of up to 16,000 km² that was once an African megalake spends months as an absolute white desert, but during the rainy season it transforms into a shallow sea that reappears from nowhere and can be seen from space in the middle of southern Africa.

While the U.S. still faces limitations in deep space, China is developing unprecedented technology with strategic satellites that maintain communication with the far side of the Moon and aims for dominance by 2030.

Bavarian archaeologists unearthed a medieval skeleton that had an articulated iron hand in place of its left arm, and the discovery reveals that doctors were already creating sophisticated prosthetics over 500 years ago.

For the first time, scientists have mapped the Etna magma system in almost real time and discovered where the volcano was storing large volumes of molten material before years of eruptions, revealing an underground reservoir that fills and reorganizes like a living organism beneath the mountain.

More than 1,500 Chinese workers transformed an entire railway station in just one night and reduced a 7-hour journey to 90 minutes with a high-speed line of 200 km/h.

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