While Niterói, Rio de Janeiro awaits decision on oil royalties

Despite the crisis be squeezing the State of Rio de Janeiro, one of its municipalities have followed opposite paths thanks to collection of royalties. Unlike most of the municipalities, the amount collected by the city of Niterói in royalties almost quintupled. To get an idea in 2016 the collection can border the R$ 300 million reais.

While the State of Rio de Janeiro awaits new audience of conciliation on the decision related regulatory changes of oil royalties, scheduled for next Wednesday, may 3. But, apparently, there is a possibility of the federal Government to request the postponement of the implementation of the new calculation for three years. If this occurs, the Rio de Janeiro will no longer raise about of 3 billion in royalties, emptying the coffers of the State.

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