Municipal PEC Rapporteur Set Selic for IPCA for debt interest
Federal Deputy Baleia Rossi (MDB-SP) proposed to establish the Extended National Consumer Price Index (IPCA) as a basis for interest on the installments of debts resulting from social security contributions from municipalities.
The proposal appears in its opinion on the proposal of amendment to the Constitution (PEC) that establishes limit for the payment of precatory by the municipalities and opens a new period of installment of debts of the municipalities with their own social security regimes and the general social security regime.
The text changes a paragraph of the Constitution that currently provides that the value of each portion “will be added from interest equivalent to the reference rate of the Special Settlement and Custody System (Selic)”. In place of the Selic rate, therefore, the IPCA is foreseen in the opinion article that authorizes the installment of debts arising from social security contributions by 300 times.
It is also established that the interest rate is zeroed to municipalities that, within 18 months after the promulgation of the constitutional amendment, to pay at least 20% of the debt. Then, a staggering is established:
- Interest of 1% per year for municipalities that pay 10% of debt in 18 months;
- Interest of 2% per year for municipalities that pay off 5% of the debt in 18 months;
- Interest of 4% per year for municipalities that do not fit the previous rules.
The rapporteur maintained the forecast that the installment will be excluded in the event of default for three consecutive months or alternate six months. In this case, the municipality is prevented from receiving voluntary transfers from the Union, including parliamentary amendments, while the default lasts.
