Resolution CMN No. 5,115 — Amends the annual global limits authorized for contracting credit operations with public sector entities for the 2024-2026 triennium

RESOLUTION
CMN NO. 5,115, OF JANUARY 25, 2024

Amends the annual global limits authorized for contracting credit operations with the organs and entities of the public sector for the triennium 2024-2026, by modifying the Annex to Resolution CMN No. 4,995, of March 24, 2022.

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 January 25 of 2024, considering the provisions of Art. 4, items VI and VIII, of the aforementioned law,

R E S O
L V E D:

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

Art.
2 This Resolution enters into force on March 1 of 2024.

Carolina de
Assis Barros
President of the Central Bank of Brazil substitute

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 (article 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 (article 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 (article 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 (article 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 the Brazilian Company for Participation in Nuclear and Binuclear Energy 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$10,000,000,000.00	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 PAC Up to R$5,000,000,000.00	For operations included within the scope of the New PAC Up to R$2,000,000,000.00
For contracts within the scope of Public-Private Partnerships (PPPs) Up to R$2,000,000,000.00	For organs and entities of the Union Up to R$625,000,000.00
For the Brazilian Company for Participation in Nuclear and Binuclear Energy 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$9,000,000,000.00	For organs and entities of the states, the Federal District and municipalities Up to R$6,000,000,000.00	Up to R$15,625,000,000.00
For organs and entities of the Union Up to R$625,000,000.00
2026	Up to R$9,000,000,000.00	For organs and entities of the states, the Federal District and municipalities Up to R$6,000,000,000.00	Up to R$15,625,000,000.00
For organs and entities of the Union Up to R$625,000,000.00