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Paulo Guedes announces the return of R $ 3 billion from Caixa to the National Treasury

Fiscal adjustment

Money will be used to reduce public debt; by the end of the year the bank will return a total of R $ 20 billion

The Economy Minister, Paulo Guedes, announced on Wednesday (12/6) the return of R $ 3 billion from the Federal Savings Bank to the public coffers, contributing to the reduction of the federal public debt.

The measure is part of the government's overall policy of more efficient management of public resources. "We are recovering these resources and, with that, we are rescuing the public debt. This move will gradually destabilize the credit market, "the minister said during a press conference. 

Other returns, by Caixa, are scheduled to take place this year. "Our plan is to return a total of R $ 20 billion by the end of 2019," informed the president of Caixa, Pedro Guimarães. By 2020, the institution plans the settlement of another R $ 20 billion.

During the press conference, Pedro Guimarães said that the measures being taken are for Caixa to "rescue its social function". He clarified that these are actions that seek to focus on loans to citizens, especially low-income citizens.

Returns from other banks

Also present at the meeting, the special Treasury Secretary, Waldery Rodrigues Júnior, informed that the settlement of amounts with the treasury should reach other public banks. They owe about $ 86.5 billion in loans from the Treasury in the past.

According to the secretary, in addition to Caixa's R $ 40.2 billion, the National Development Bank (BNDES) owes R $ 36.1 billion, Banco do Brasil, R $ 8.1 billion, Banco do Nordeste, R $ 1 billion and the Banco da Amazônia, R $ 1.06 billion.