Rule · BCB · 26 Feb 2026 · Resolução CMN 5282
Financial institutions and authorized entities must observe the annual limit for contracting credit operations with bodies and entities of the states, the Federal District, and municipalities, excluding specific state-owned companies. This requirement is established by the annex to CMN Resolution No. 4,995 of March 24, 2022, as amended. The resolution enters into force on the date of its publication, with the annex alterations taking effect simultaneously.
Resolution No. 5,282
CMN RESOLUTION NO. 5,282, OF FEBRUARY 26, 2026
Amends the annex to CMN Resolution No. 4,995, of March 24, 2022.
The Central Bank of Brazil, in accordance with Article 9 of Law No. 4,595, of December 31, 1964, makes it public that the National Monetary Council, in a session held on February 26, 2026, considering the provisions of Article 4, caput, items VI, VIII, and X, of the aforementioned Law,
RESOLVES:
Art. 1 The annex to CMN Resolution No. 4,995, of March 24, 2022, published in the Official Gazette of the Union on March 28, 2022, shall enter into force with the alterations contained in the annex to this Resolution.
Art. 2 This Resolution enters into force on the date of its publication.
GABRIEL MURICCA GALÍPOLO President of the Central Bank of Brazil
ANNEX
(Annex to CMN Resolution No. 4,995, of March 24, 2022)
Annual limit for contracting credit operations for the bodies and entities of the public sector to be observed by financial institutions and other institutions authorized to operate by the Central Bank of Brazil.
Year
Operations with guarantee of the Union
Operations without guarantee of the Union
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
Article 10 (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
Article 10 (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
Article 10 (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
Article 10 (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$15,000,000,000.00
For bodies and entities of the states, the Federal District, and municipalities
Up to
R$18,000,000,000.00
Up to
R$37,125,000,000.00
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$17,500,000,000.00
For bodies and entities of the states, the Federal District, and municipalities
Up to
R$7,000,000,000.00
Up to
R$31,075,651,683.00
For operations included within the scope of the New Growth Acceleration Program – PAC
Up to
R$500,000,000.00
For operations included within the scope of the New PAC
Up to
R$500,000,000.00
For contracting within the scope of Public- Private Partnerships – PPPs
Up to
R$500,000,000.00
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
Up to
R$1,736,839,681.00
For Eletrobras Termonuclear S/A – Eletronuclear
Up to
R$2,713,812,002.00
2025
Up to
R$12,100,000,000.00
For bodies and entities of the states, the Federal District, and municipalities
Up to
R$6,000,000,000.00
Up to
R$39,425,651,683.00
For Empresa Brasileira de Correios e Telégrafos – Correios
Up to
R$12,000,000,000.00
For operations included within the scope of the New PAC
Up to
R$2,900,000,000.00
For Empresa Brasileira de Participações em Energia Nuclear e Binacional S/A – ENBPar
Up to
R$1,736,839,681.00
For bodies and entities of the Union
Up to
R$2,425,000,000.00
For Eletrobras Termonuclear S/A – Eletronuclear
Up to
R$2,263,812,002.00
2026
Up to
R$5,000,000,000.00
For bodies and entities of the states, the Federal District, and municipalities
Up to
R$4,000,000,000.00
Up to
R$23,625,000,000.00
For operations included within the scope of the New PAC
Up to
R$2,000,000,000.00
For operations included within the scope of the New PAC
Up to
R$2,000,000,000.00
For contracting within the scope of Public- Private Partnerships – PPPs
Up to
R$2,000,000,000.00
For bodies and entities of the Union
Up to
R$625,000,000.00
For Empresa Brasileira de Correios e Telégrafos – Correios
Up to
R$8,000,000,000.00
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“Amends the annex to CMN Resolution No. 4,995, of March 24, 2022.”
This document amends: CMN Resolution No. 4,995 — Revises and Consolidates Rules on Credit Limits for Public Sector Operations
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