Education will receive 75% of oil royalties.
The Chamber of Deputies approved the allocation of the remaining 25% to health; the proposal also stipulates that 50% of the resources from the Pre-Salt Social Fund be applied to education until it reaches 10% of the Gross Domestic Product (GDP); With this conclusion, the project now goes to the Senate for consideration, under an expedited procedure.
Iolando Lourenço
Reporter from Agência Brasil
Brasilia The Chamber of Deputies recently approved a bill from the Executive branch allocating 75% of oil royalties to public education, prioritizing basic education, and 25% to healthcare. The government wanted all the funds to go to education. However, for the bill's approval, party leaders reached an agreement allocating a portion of the resources to healthcare.
The approved text establishes that the application of royalty revenues to education and health will be mandatory for the federal government, states, and municipalities. The proposal also stipulates that 50% of the resources from the Pre-Salt Social Fund be applied to education until it reaches 10% of the Gross Domestic Product (GDP).
Most of the amendments aimed at altering the text were withdrawn by their authors, and those that were voted on were rejected by the Chamber's plenary session. With the conclusion of the vote, the bill now goes to the Senate for consideration, under an expedited procedure.
With the voting on the royalties bill concluded, the deputies approved a request for an expedited vote on the bill that establishes new rules for the distribution of resources from the State Participation Fund (FPE).
Editing: Aécio Amado