Turismo

MP allocates R$ 5 billion to help tourism sector during pandemic

The source of resources is the financial surplus in the National Treasury arising from concessions and permissions.

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Money will be used for working capital for micro, small, medium and large tourism companies

The source of resources is the financial surplus in the National Treasury arising from concessions and permissions. The Executive Branch published this Friday (8) Provisional Measure 963/20, which allocates extraordinary credit of R$ 5 billion for credit operations aimed at financing national tourist infrastructure. The source of resources...

According to the Ministry of Tourism, the idea is to help the sector in the face of the economic impacts of the new coronavirus pandemic, due to the social distancing measures necessary to control Covid-19. The money will be used for working capital for micro, small, medium and large companies, in addition to protecting jobs.

In April, the ministry reported, an ordinance changed loan rules from the General Tourism Fund (Fungetur) for duly registered operators. There was a reduction in interest on working capital, from 7% to 5% per year, and an extension of the grace period for the beginning of payment of installments, from six months to one year.

Processing
According to Joint Act 1/20, of the Boards of the Chamber of Deputies and the Federal Senate, provisional measures dealing with extraordinary credit must follow a summary procedure during the pandemic. Therefore, MP 963 must initially be examined directly in the Chamber Plenary, without first going through a joint committee.

As this same joint act also allows each House to provide additional procedures, the Senate, as determined by President Davi Alcolumbre, will not vote on any of the extraordinary credit MPs intended to combat Covid-19. According to Alcolumbre, the execution of these expenses does not depend on the approval of parliamentarians.

Report – Ralph Machado
Editing – Rachel Librelon

Source: Câmara de Notícias Agency

 

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