Goiás state government has a balanced fiscal situation, says STN (National Treasury Secretariat).
The National Treasury Secretariat (STN) is developing a new methodology for evaluating state finances, which will implement new credit ratings so that states can access loans guaranteed by the Union, which have lower interest rates; a study already indicates which states will have a greater capacity to contract loans. Goiás is on the list of these entities because it has balanced accounts.
Goiás 247 - The National Treasury Secretariat (STN) is developing a new methodology for evaluating state finances, which will implement new credit ratings so that states can access loans guaranteed by the Union, which have lower interest rates. The study already indicates which states will have a greater capacity to contract loans. Goiás is on the list of these entities because its accounts are balanced.
The balanced fiscal situation highlighted by the STN (National Treasury Secretariat) is a result of the severe fiscal adjustment measures adopted by Governor Marconi Perillo starting in late 2014 amidst signs of economic depression. Despite the serious crisis, considered the worst in the country's history, the Government of Goiás kept payroll and public services rigorously up to date, while Marconi oversaw the adjustment and sent, at the end of last year, the Austerity Program for the Growth of the State of Goiás to the Legislative Assembly for approval.
In a report titled "States expect new ranking to obtain cheaper credit," the newspaper O Estado de S.Paulo highlights that, with the new methodology, the Treasury will give more weight to the payment capacity and future savings of the entities, and not only to the debt stock. In this way, states with large debts but a balanced fiscal situation will benefit, as is the case of Goiás. In addition to Goiás, São Paulo, Mato Grosso, Mato Grosso do Sul, and Rio Grande do Norte are also on the list.
The newspaper O Popular reproduces the article from Agência Estado, with the same approach. The newspaper Valor Econômico also highlights Goiás among the states that have balanced finances and will benefit from the new rules.
In August, the State Finance Secretariat (Sefaz) presented a fiscal management report showing that the state government's accounts are balanced in all evaluated ratios: Net Consolidated Debt and Net Current Revenue; Net Consolidated Debt and Gross Domestic Product (GDP); and the Primary Result, from 2011 to 2017.
The relationship between Net Consolidated Debt (NCD) and Net Current Revenue (NCR) confirms the fiscal balance of the Government of Goiás. This ratio is used as a parameter for the debt limit established by the Federal Senate. According to the Senate resolution, the percentage limit for states and the Federal District is less than 2%. In 2011, Goiás had a ratio between NCD and NCR of 1,08%. In 2017, the number fell to 0,95%.
In the ratio of Net Consolidated Debt (NCD) to Gross Domestic Product (GDP), there was also a decrease in the percentage, indicating a lower commitment of state revenue. In 2011, the percentage was 11,28%. In 2016, it decreased to 10,23%. GDP increased from 121.297 billion (2011) to 178.948 billion (2016). The NCD, in turn, went from 13.679 billion to 18.306 billion. The primary result was positive in both 2016 and 2017. In 2016, it was 1.120.418 billion; and in 2017, 837.614 million.