State of Rio improves its ability to pay and moves to grade B in Treasury assessment

State of Rio improves its ability to pay and moves to grade B in Treasury assessment
State of Rio improves its ability to pay and moves to grade B in Treasury assessment

Drone view of the city of Campos dos Goytacazes • Photos: Rafa Pereira, Diário do Rio

THE National Treasury Secretariat (STN) evolved from D to B the Capacity to Pay (CAPAG) of the State of Rio de Janeiro. The result, released this Wednesday (21/09), is the best obtained since 2017, demonstrating the recovery of Rio’s fiscal health.

Rio de Janeiro had CAPAG D as a result of the financial crisis and economic imbalance. The new assessment, which resulted in CAPAG B, proves that the state, today, has balanced accounts and makes all the effort we have made in recent years to adhere to the Tax Recovery Regime worthwhile.” said the governor. Cláudio Castro.

CAPAG’s analysis is carried out by the STN to determine the financial conditions of states and municipalities to honor new loans guaranteed by the Federal Government, which guarantees more advantageous conditions. The assessment considers three indicators: indebtedness, savings and liquidity of state cash. Rio received grade A in the last two items, based on the good performance of the state’s revenue in 2021.

“The result puts Rio de Janeiro on an equal footing with the other entities of the Federation. We are fixing the state and this is evidenced by our improvement in CAPAG”, explained the Secretary of State for Finance, Leonardo Lobo.


The article is in Portuguese

Brazil

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