Treasury will reward fiscally responsible states and municipalities

The National Treasury will hold public hearings starting this week on a new rating system for states and municipalities, which will reward those that carried out reforms to improve their long-term fiscal situation.

The Treasury secretary, Ana Paula Vescovi, told Valor that the consultation will last one month and the rule will come into force already in 2017. She advanced that the Treasury will offer guarantees to as much as R$17 billion in loans and also authorize R$3 billion more in unsecured loans to the local governments.