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      Piauí has ​​the lowest debt level in its history.

      Credit operations guarantee Piauí the possibility of making investments. Last year, for example, the state ranked 3rd in the country among the federative units that made the most investments; 10,7% of the net current revenue (RCL) was applied to investments; "The state is contracting new credit operations, but at the same time, it is amortizing installments of other operations and increasing its revenue. That is why indebtedness is decreasing year by year," assures Secretary Rafael Fonteles.

      Credit operations guarantee Piauí the possibility of making investments. Last year, for example, the state ranked 3rd in the country among the federative units that made the most investments; 10,7% of the net current revenue (RCL) was applied to investments; "The state is contracting new credit operations, but at the same time, it is amortizing installments of other operations and increasing its revenue. That is why indebtedness is decreasing year by year," assures Secretary Rafael Fonteles (Photo: José Barbacena).

      Piauí 247 - The government of Piauí currently has the highest debt and repayment capacity in its history. This is only possible because the State, even while taking out loans, has been paying off its debt. According to data from the Finance Secretariat, over the years the Executive branch has been reducing the consolidated debt in relation to the Net Current Revenue (NCR).

      In 2006, the Debt-to-Net Current Revenue (RCL) ratio reached 84,69%, while in 2016 this percentage fell to 45,17%. Resolution No. 40/2001 of the Federal Senate states that the State cannot exceed twice its Net Current Revenue, that is, 200%.

      “Since the Net Current Revenue in 2016 was R$ 7.578.980 billion, this means that the Net Consolidated Debt was R$ 3.423 billion last year, and the State of Piauí still has room to take out loans totaling R$ 11.734.268 billion,” explains the Superintendent of the State Treasury, Emílio Júnior.

      Credit operations guarantee Piauí the possibility of making investments. Last year, for example, the state ranked 3rd in the country among the federative units that made the most investments. 10,7% of the net current revenue (RCL) was applied to investments.

      "The state is taking out new loans, but at the same time, it is paying off installments on other loans and increasing its revenue. That's why the debt is decreasing year by year," assures Secretary Rafael Fonteles.

      R$ 854 million was invested in 2016, with the majority of these resources, R$ 736,5 million, being applied to projects such as the Rodoanel (ring road), the Miguel Rosa overpass, among others.