Opposition asks Court of Accounts to suspend loan to save BRB

Opposition legislators in the Federal District are challenging a proposed loan aimed at rescuing Banco de Brasília (BRB). Following the Legislative Chamber's approval of a loan from the Credit Guarantee Fund (FGC), lawmakers have petitioned the Court of Accounts of the Federal District (TCDF) to block the government from finalizing the operation.

Fábio Félix, a district deputy from PSOL, has filed a representation with the TCDF, demanding the disclosure of the loan's financial conditions. He points out that despite the Chamber's endorsement, the project lacks essential information, including interest rates, repayment periods, guarantee costs, and the overall impact on public accounts. The Federal District Government (GDF) received authorization from the Supreme Federal Court (STF) to secure a loan from the FGC, potentially reaching up to 16% of its net current revenue.

As collateral, the GDF must pledge revenues from state and municipal participation funds. Félix, however, emphasizes the immense scale of this debt, stating it is too significant to proceed without transparency. "We are talking about a billion-dollar debt that could compromise the city's future and investment in fundamental areas like health," he stated. The parliamentarian notes that the law passed by the Chamber allows the loan's terms to be revealed only after the contract is signed, hindering any prior oversight by the legislature or auditing bodies.

"It is unacceptable for an operation of this magnitude to be carried out without the public and oversight bodies knowing its costs, risks, and consequences," Félix concluded. The GDF intends to formalize the loan within the next two weeks, aiming to alleviate the state-owned bank's financial shortfall, which has accumulated a deficit following dealings with Banco Master.