Ministry of Finance presented an alternative to the rural debt renegotiation project under discussion in the Senate, with two credit lines, possibility of using Pre-Salt resources, a global limit of R$ 30 billion, and a new meeting scheduled between Dario Durigan and Renan Calheiros
The Ministry of Finance presented an alternative to Bill 5122/2023 this Thursday (23), which deals with the renegotiation of rural debts and has already been approved by the Chamber of Deputies. The proposal was brought to the Senate by Dario Durigan, Minister of Finance, in a meeting with Senator Renan Calheiros, rapporteur of the matter and president of the Economic Affairs Committee.
The project is under discussion in the Senate and gained a new round of negotiation after the Ministry of Finance’s proposal was presented. A new meeting between Durigan and Calheiros is scheduled for Tuesday (28), when discussions are expected to advance.
Ministry of Finance proposes two lines for rural debt renegotiation
The alternative presented by the Ministry of Finance foresees two credit lines for the renegotiation of rural debts. One would have controlled resources, while the other would operate with free resources.
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The proposal is aimed at rural credit operations extended until April 30 of this year that are in good standing. It also covers operations contracted until December 31, 2025, that became delinquent between July 1, 2024, and April 30 of this year.
The measure appears as an alternative to the text that has already passed through the Chamber and is now under analysis by the senators. The negotiation directly involves the rapporteur of the matter, responsible for conducting the debate in the Economic Affairs Committee.
Text under discussion foresees use of Pre-Salt resources
The project analyzed in the Senate authorizes the use of resources from the Pre-Salt Social Fund to finance the renegotiation of debts of rural producers. The focus is on producers affected by extreme climatic events, such as droughts and floods.
In addition to the Social Fund, the proposal also allows the use of resources from other surplus funds. The global limit foreseen for these sources is up to R$ 30 billion.
Another point of the text establishes the suspension of debt collection and executions during the program’s adherence period. This rule would be valid as long as producers could adhere to the renegotiation.
Low adherence marked previous measure
During a recent debate in the committee, Renan Calheiros recalled that a provisional measure issued by the government last year allocated R$ 12 billion to the renegotiation of rural debts. Despite the available amount, producer adherence was considered low.
Among the factors pointed out by the senator are the requirements made by financial institutions and the rules established by the National Monetary Council. One of the conditions required the declaration of a state of public calamity by municipalities to allow access to refinancing.
Calheiros stated that only half of the resources were used due to the practical limitations imposed on the renegotiation process. He also said that the Monetary Council’s decision reduced the number of municipalities eligible to access the program to just over a thousand.
The renegotiation of rural debts continues under discussion in the Senate after the Ministry of Finance’s proposal was presented. The next meeting between Durigan and Calheiros should define new steps for the processing of the matter.

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