CMN Resolution No. 5,059 — Defines Annual Global Limit for Credit Operations with Public Sector Entities for 2023 and 2024

RESOLUTION
CMN NO. 5,059, OF DECEMBER 16, 2022

Defines the annual global limit for the contracting of credit operations with the bodies and entities of the public sector in 2023 and 2024, to be observed by financial institutions and other institutions authorized to function by the Central Bank of Brazil.

The Central Bank of Brazil, in accordance with Art. 9 of Law No. 4,595, of December 31, 1964, makes public that the National Monetary Council, in a session held on December 15, 2022, considering the provisions of Art. 4, items VI and VIII, of the aforementioned Law,

R E S O L V E S:

Art. 1 The Annex to Resolution CMN No. 4,995, of March 24, 2022, shall enter into force with the alterations contained in the annex to this Resolution.

Art. 2 This Resolution enters into force on January 2, 2023.

Roberto de
Oliveira Campos Neto
President of the
Central Bank of Brazil

ANNEX

(Annex to Resolution CMN No. 4,995, of March 24, 2022)

Annual limit for the contracting of credit operations for the bodies and entities of the public sector to be observed by financial institutions and other institutions authorized to function by the Central Bank of Brazil.

Year	Operations with Union Guarantee	Operations without Union Guarantee	Total
2018	Up to R$13,000,000,000.00	Up to R$11,000,000,000.00	Up to R$24,000,000,000.00
2019	Up to R$13,500,000,000.00	Up to R$11,000,000,000.00	Up to R$24,500,000,000.00
2020	Up to R$9,000,000,000.00	For bodies and entities of the States, the Federal District, and Municipalities Up to R$11,000,000,000.00	Up to R$20,400,000,000.00
For bodies and entities of the Union Up to R$400,000,000.00
2021	Up to R$6,500,000,000.00	For bodies and entities of the States, the Federal District, and Municipalities, excluding state-owned companies referred to in Art. 10 (article revoked on January 1, 2023) Up to R$10,500,000,000.00	Up to R$20,500,000,000.00
For state-owned companies referred to in Art. 10 (article revoked on January 1, 2023) Up to R$3,000,000,000.00
For bodies and entities of the Union Up to R$500,000,000.00
2022	Up to R$6,500,000,000.00	For bodies and entities of the States, the Federal District, and Municipalities, excluding state-owned companies referred to in Art. 10 (article revoked on January 1, 2023) Up to R$10,500,000,000.00	Up to R$18,625,000,000.00
For state-owned companies referred to in Art. 10 (article revoked on January 1, 2023) Up to R$1,000,000,000.00
For bodies and entities of the Union Up to R$625,000,000.00
2023	Up to R$3,000,000,000.00	For bodies and entities of the States, the Federal District, and Municipalities Up to R$7,000,000,000.00	Up to R$14,125,000,000.00
For bodies and entities of the Union Up to R$625,000,000.00
For Empresa Brasileira de Participações em Energia Nuclear e Binacional S/A – ENBPar, exclusively for the implementation of the Angra 3 Nuclear Power Plant Up to R$2,300,000,000.00	For Eletrobras Termonuclear S/A – Eletronuclear, exclusively for the implementation of the Angra 3 Nuclear Power Plant Up to R$1,200,000,000.00
2024	Up to R$3,000,000,000.00	For bodies and entities of the States, the Federal District, and Municipalities Up to R$7,000,000,000.00	Up to R$37,425,000,000.00
For bodies and entities of the Union Up to R$625,000,000.00
For Empresa Brasileira de Participações em Energia Nuclear e Binacional S/A – ENBPar, exclusively for the implementation of the Angra 3 Nuclear Power Plant Up to R$17,200,000,000.00	For Eletrobras Termonuclear S/A – Eletronuclear, exclusively for the implementation of the Angra 3 Nuclear Power Plant Up to R$9,600,000,000.00
2025	Up to R$3,000,000,000.00	For bodies and entities of the States, the Federal District, and Municipalities Up to R$7,000,000,000.00	Up to R$10,625,000,000.00
For bodies and entities of the Union Up to R$625,000,000.00