R$ 11,5 billion that the Union will receive from the oil mega-auction will be shared with the States, according to the special secretary of Finance.

The Special Secretary of Finance, Waldery Rodrigues, said at the end of the afternoon of this Monday, August 5th, that 15% of the net value that the Union will receive from the oil mega-auction will be shared with the States, corresponding to R$ 11,5 billion. According to him, the value was agreed between governors and representatives of states and municipalities.

The Union defined at R$ 106,6 billion the value of the signature bonus that will be paid by the winning companies, "estimated for the end of the year the receipt", noted Waldery.

“R$ 72 billion remains, for which we agreed with governors, representatives of states and municipalities, a 15% share of this net for states and 15% for the Union, this was a movement that came from the Executive. In this movement alone, we are transferring R$ 11,5 billion of primary Union revenue from the Union to the States”, said Waldery.

So far, the Union has not presented a proposal on the transfers of the Kandir Law, but it has listed proposals that aim to favor the States in the distribution of resources – among them the sharing of the oil mega-auction.

At the end of the meeting, the States and the Union agreed to create a commission to discuss the issue for six months, with the presentation of a partial report in the first half of December.

States and Union agree to discuss transfers of the Kandir Law

Representatives of the States, the Attorney General's Office and the Ministry of Economy met this Monday at the STF to discuss transfers related to the Kandir Law. The Kandir Law provides that the Union compensates the States for the ICMS that is no longer collected with the exemption of exports.

In Congress, a proposal that obliges the Union to deliver R$ 39 billion annually to the States as compensation for the exemption of ICMS is already ready for voting in the Plenary of the Chamber.

The deadline ended in August last year without an agreement on the bill, since the Union wanted to pay R$ 3,9 billion, but the States asked for ten times that amount: R$ 39 billion.

The technical area of ​​the Federal Court of Accounts (TCU) concluded that the Union is no longer obliged to transfer billions to the States on account of the Kandir Law. The 2003 constitutional amendment established that, when 80% of ICMS is collected in the State where consumption occurs, there will no longer be any right to compensation. The government's technical area argues that this has already been accomplished.

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