Social fund transfer will be at 2020

According to the secretary of Finance, Waldery Rodrigues Júnior, the breakdown of R $16.9 billion from the Social Fund (FS) between States and municipalities will be held only next year. According to him, the transfer of value due to the union’s debts would be unfeasible. The decision will still be approved by Congress.

The forecast is that states and municipalities receive R $4 billion, however, with the realization of auctions and the signing bonus of the oil exploration bids, the amount can increase by up to four times.

The Social fund was created in 2010 with the aim of serving as government savings for the development of the country. Over 35 years, the expectation is that it will be collected about $1 trillion.

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