BNDES should appeal to the TCU against Temer's fiscal maneuvers.
“Our priority is governance, prudence, and care for resources that belong to the public,” says economist Paulo Rabello de Castro, president of BNDES, who is trying to resist pressure from the Presidential Palace to return R$ 180 billion.
247 - The Temer government's attempt to implement fiscal manipulation, forcing the BNDES (Brazilian Development Bank) to return R$ 180 billion from its budget, is encountering resistance from the bank.
"The clash between BNDES and the federal government is about to escalate into an official dispute. The reason for the confrontation is the economic team's request for the bank to return R$ 180 billion to the Treasury between 2017 and 2018, funds that were transferred to the financial institution. BNDES leadership opposes the return and threatens to appeal to the Federal Court of Accounts (TCU) to avoid having to disburse the amount," it points out. reporter from the State of São Paulo.
"Our priority is governance, prudence, and care for resources that belong to the public," says Paulo Rabello de Castro, president of BNDES. "I have difficulty understanding how the bank can anticipate payment of a loan for which an effort to anticipate repayment has already been made, in the order of R$ 130 billion, and which was subject to questioning by the TCU (Brazilian Federal Court of Accounts)."