✓ verbatim from the press
The Senate approved on June 10, 2026, the use of the Pre-Salt Social Fund to refinance debts of rural producers affected by climate events or international geopolitical conflicts, contrary to the federal government's position. The Ministry of Finance estimated the fiscal impact of the measure at R$ 140 billion over ten years. ✓
Press quotes (2)
"O Senado aprovou nesta quarta-feira (10) o projeto de Lei (PL) 5122/23, que autoriza o uso do Fundo Social (FS) do Pré-Sal para financiar o pagamento de dívidas de produtores rurais ocasionadas por eventos climáticos adversos ou impactos econômicos negativos em razão dos conflitos geopolíticos internacionais"
"O governo se manifestou contrário ao parecer do relator, argumentando que a medida pode ter um forte impacto fiscal de até R$ 140 bilhões"
Bill 5122/2023, reported by Senator Renan Calheiros (MDB-AL), benefits producers and cooperatives that prove significant losses in at least two harvests between 2019 and 2025, resulting from climate events or agricultural price drops due to geopolitical conflicts. The financing will have terms of up to 10 years with three years of grace period, reduced interest rates between 3.5% and 7.5% per year, and limits of up to R$ 10 million per beneficiary and R$ 50 million per cooperative. ✓
Press quotes (2)
"O texto aprovado no Senado beneficia produtores e cooperativas que comprovem perdas significativas em pelo menos duas safras, entre 2019 e 2025, decorrentes de eventos climáticos ou da queda dos preços agrícolas, em razão de conflitos geopolíticos"
"o financiamento das dívidas terá prazo de até 10 anos, com três anos de carência, juros reduzidos e limites de até R$ 10 milhões por beneficiário e R$ 50 milhões por cooperativa, associação ou condomínio"
Senate President Davi Alcolumbre (União-AP) maintained the vote even after meeting with Finance Minister Dario Durigan, who tried to block approval. "The minister informed me that the text has no agreement, understanding and government support. However, I made a public commitment to the senators," Alcolumbre declared before the symbolic vote. ✓
Press quotes (1)
"O ministro [Durigan] me informou que o texto relatado pelo senador Renan Calheiros não tem o acordo, o entendimento e o apoio do governo. Porém, todavia, entretanto, eu fiz um compromisso público, aguardando alguns meses a deliberação desse assunto no Senado"
Since the text was modified in the Senate, it returns to the Chamber of Deputies for new deliberation before proceeding to presidential sanction. Minister Durigan indicated that the government is considering vetoing the measure or challenging it in the Supreme Federal Court, arguing that the impact is not supported by public accounts. ✓
Press quotes (2)
"Como a proposta sofreu alterações no Senado, o texto terá de passar por nova deliberação na Câmara dos Deputados antes de seguir para sanção do presidente Luiz Inácio Lula da Silva"
"Não é suportado pelas contas. Partes do projeto tem que ser revistas na Câmara dos Deputados ou, eventualmente, em veto do presidente da República e, se preciso, a gente vai questionar eventual ação do Congresso que não cumpra a Lei de Responsabilidade Fiscal no Supremo Tribunal Federal"
The project authorizes the use of the Pre-Salt Social Fund for rural debt renegotiation
The federal government opposed the project on fiscal grounds
The text returns to the Chamber of Deputies due to Senate modifications
Covered by only some sources, or where the accounts diverge.
Covered by only some sources (2)
The project was classified as a 'budget bomb' by the economic team
Minister Dario Durigan met with Alcolumbre on Tuesday trying to block the vote
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What specific methodology will the Ministry of Finance use to calculate the fiscal impact of R$ 140 billion?
Why it's still unknown: Sources cite only the final value estimated by the government, without detailing the technical criteria or assumptions used in the calculation
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How many rural producers would be eligible for the program and what is the real volume of debts that could be renegotiated?
Why it's still unknown: There is divergence between Senate estimates (R$ 170-180 billion) and Ministry of Finance estimates (up to R$ 1.39 trillion), without official data on the universe of beneficiaries
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How will the Executive Branch define the global operation limit mentioned in the project?
Why it's still unknown: The approved text delegates to the Executive the definition of spending ceiling, but does not specify criteria or deadlines for this definition