Resolution CMN No. 5310 - Amends the Annex to Resolution CMN 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 public that the National Monetary Council, in a session held on June 25, 2026, considering the provisions of Article 4, caput, items VI, VIII, and X, of the aforementioned Law,

R E S O L V E S:

Art. 1º The annex to Resolution CMN No. 4,995 of March 24, 2022, published in the Official Gazette of the Union on March 28, 2022, shall be in effect with the alterations contained in the annex to this Resolution.

Art. 2º This Resolution enters into force on the date of its publication.

GABRIEL MURICCA GALÍPOLO President of the Central Bank of Brazil

ANNEX

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

Annual limit for contracting credit operations for the organs 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 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 organs 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 organs and entities of the Union

Up to R$400,000,000.00

2021

Up to R$6,500,000,000.00

For organs and entities of the states, the Federal District, and municipalities, excluding state-owned companies referred to in Art. 10 (revoked on January 1, 2023)

Up to R$10,500,000,000.00

Up to R$20,500,000,000.00

For the state-owned companies referred to in Art. 10 (revoked on January 1, 2023)

Up to R$3,000,000,000.00

For organs and entities of the Union

Up to R$500,000,000.00

2022

Up to R$6,500,000,000.00

For organs and entities of the states, the Federal District, and municipalities, excluding state-owned companies referred to in Art. 10 (revoked on January 1, 2023)

Up to R$10,500,000,000.00

Up to R$18,625,000,000.00

For the state-owned companies referred to in Art. 10 (revoked on January 1, 2023)

Up to R$1,000,000,000.00

For organs and entities of the Union

Up to R$625,000,000.00

2023

Up to R$15,000,000,000.00

For organs 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 organs 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 organs 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 organs 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 organs 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 organs 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$5,500,000,000.00

For organs and entities of the states, the Federal District, and municipalities

Up to R$5,500,000,000.00

Up to R$23,625,000,000.00

For operations included within the scope of the New PAC

Up to R$1,800,000,000.00

For operations included within the scope of the New PAC

Up to R$1,200,000,000.00

For contracting within the scope of Public-Private Partnerships – PPPs

Up to R$1,000,000,000.00

For organs 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