Government launches package today to facilitate credit.

247 - The Ministry of Finance will announce measures this Wednesday (20) to try to improve the credit market. There will be 13 actions aimed at the banking, capital and insurance credit market.

According to the government, initiatives focused on the credit market aim to facilitate access to new financing for individuals and businesses, increase competition, and reduce bureaucracy and operational costs involved in transactions.

Newspaper report The State of São Paulo It highlights that among the measures is the increase from R$ 303 to R$ 600 of the so-called minimum subsistence level (an amount considered necessary for survival and protected from banks) so that over-indebted people can renegotiate their debts. When negotiating consumer debts, it must be guaranteed that the citizen will have at least R$ 600 (and no longer R$ 303) preserved for their subsistence. The measure should benefit 5 million people.

With the current minimum subsistence level of R$ 303, 9 million over-indebted individuals are already being assisted, with a total balance of R$ 235 billion. This balance is expected to rise to R$ 266 billion with the value of R$ 600.

Using funds invested in open supplementary pension plans, personal insurance, capitalization bonds, and the Individual Programmed Retirement Fund (FAPI) as collateral for credit operations is one of the main measures.