The Federal Government Changed the Rules for Consigned Loans from Auxílio Brasil

Written by Bruno Teles

Published on 09/02/2023 at 19:34

Empréstimo consignado do Auxílio Brasil (Foto/divulgação)

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The Ministry of Social Development Published an Ordinance in the Official Gazette of the Union on Thursday, 9, Reducing the Monthly Discount Limit of the Brazil Aid Contracted by Payroll Loan from 40% to 5%. According to Law 10,820, amended by Congress last year, this reduction was established.

The Ordinance Established that the loan contracts in question are now to be completed in a maximum of six installments with an interest rate not exceeding 2.5%. This measure replaces the previous regulation, which ensured payment in up to 24 installments and allowed a maximum interest rate of 3.5%, with 3.45% being the rate usually stipulated.

The Federal Supreme Court (STF) questioned the Brazil Aid loan authorized by the government of Jair Bolsonaro; however, Minister Nunes Marques did not grant the injunction, and the program remained in effect. The President of the Federal Savings Bank, Rita Serrano, suspended the granting of new payroll loans to Brazil Aid beneficiaries on January 12. Families who have already taken out the Brazil Aid payroll loan will not be affected by this change.

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The BNDES suspended nine lines of financing for agricultural projects on Monday, 6. However, two weeks prior, Lula announced that the institution would resume lending money for engineering projects in Cuba and Venezuela, which have already defaulted on other debts of the same type.

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According to data released by the BNDES, Cuba and Venezuela are among the most indebted countries. The projects financed by these loans funneled resources to companies involved in corruption scandals, such as Odebrecht, Camargo Corrêa, and OAS. These cases of misappropriation of resources led to a severe impact on the economy of these countries.

According to the newspaper Valor Econômico, the Business Credit Program for Agricultural Costs, the Investment Lines of the National Program for Strengthening Family Farming, the Pronaf Investment Financing Line aimed at the isolated acquisition of breeding stock, service animals, semen, eggs, and embryos, and the Pronaf Investment Financing Line aimed at the acquisition of tractors and associated implements, harvesters and their cutting platforms, as well as agricultural machinery for spraying and fertilization, are some of the programs available.

Additionally, there are other programs such as the Investment Line of the National Program for Support to the Medium Rural Producer; the Program for Adaptation to Climate Change and Low Carbon Emission in Agriculture (ABC+ Program) exclusively concerning the ABC+ Recovery Lines, ABC+ Organic, ABC+ Direct Planting, ABC+ Integration, ABC+ Forests, ABC+ Waste Management, ABC+ Palm Oil, ABC+ Bioinputs, and ABC+ Soil Management; the Program for Construction and Expansion of Warehouses (PCA); the Financing Program for Irrigated Agriculture and Protected Cultivation; and the Capitalization Program for Agricultural Cooperatives.

The Federal Government Changed the Rules for Consigned Loans from Auxílio Brasil

The Ministry of Social Development Published an Ordinance in the Official Gazette of the Union on Thursday, 9, Reducing the Monthly Discount Limit of the Brazil Aid Contracted by Payroll Loan from 40% to 5%. According to Law 10,820, amended by Congress last year, this reduction was established.

Payroll Loan of Bolsa Família with New Rules After Brazil Aid

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The Federal Government Changed the Rules for Consigned Loans from Auxílio Brasil

The Ministry of Social Development Published an Ordinance in the Official Gazette of the Union on Thursday, 9, Reducing the Monthly Discount Limit of the Brazil Aid Contracted by Payroll Loan from 40% to 5%. According to Law 10,820, amended by Congress last year, this reduction was established.

Payroll Loan of Bolsa Família with New Rules After Brazil Aid

The National Bank for Economic and Social Development (BNDES) Announced the Temporary Suspension of Nine Lines of Financing for the Agricultural Sector

A giant printer called the “Ferrari” of concrete has landed in Latin America and can already build a 120-square-meter house in just 48 hours, making the traditional construction site look like something from the last century.

Brazil will harvest a record crop of up to 357 million tons of grains, but it does not have the capacity to store a large part of it. The storage deficit has reached the highest level in history and is equivalent to almost the entire production of Argentina.

Four times faster than the Concorde, capable of taking passengers from New York to London in less than an hour at Mach 5.5, and with an engine that switches from turbojet to ramjet mid-flight at Mach 3.5, the Hermeus Quarterhorse went from paper to its first flight in just 19 months.

Under nearly 2 kilometers of ice in Antarctica, scientists have discovered an ancient landscape sculpted by rivers up to 60 million years ago, the size of Wales, preserved as a time capsule that could help predict the advance of ice towards the ocean.

She started by collecting oyster shells from restaurants and today she has already accumulated more than 10 tons to restore reefs, recover coastal habitats, and demonstrate how a common waste can become a tool for ocean conservation.

SpaceX will dock a $843 million vehicle to the International Space Station to push a nearly 420-ton laboratory against the atmosphere and make the debris fall in a controlled manner into the ocean.

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