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Treasury holds consultation on debt securitization of subnational entities

Public consultation

By October 10, Treasury will collect contributions on the possibility of transforming state and municipal debt into negotiable securities

From Tuesday, September 10, 2019, until October 10, the National Treasury will hold a public consultation aimed at supporting the possible regulation of the securitization of the debts of subnational entities.

In other words, the Treasury intends to gather citizens' opinion that the debts that states and municipalities owe to financial institutions may be transferred to one or more investors in the form of negotiable instruments.

The consultation also aims to stimulate society's participation and control in activities related to fiscal responsibility. In this sense, involving other agents in the analysis of the potential costs and benefits, as well as understanding the risks and possible financial arrangements, can contribute to the improvement of the National Treasury action process, especially in view of the economic challenges faced by the country.

Questions, contributions, insights and suggestions may be sent by October 10, 2019 to consultecuritizacao@tesouro.gov.br , through the National Treasury public consultation portal  or through the Ministry of Economy consultation channel. . Contributions received will be consolidated, answered and published on the website of the National Treasury Secretariat . Suggestions submitted after the deadline or specifications will be disregarded.