Brazil’s Senate approved, under a deadline and by symbolic vote, a provisional measure renegotiating rural debts on Wednesday, the 11th. The text, MP 1373, now goes to presidential sanction.
The measure earmarks R$100 billion for renegotiation. The Senate president, Davi Alcolumbre, removed amendments that the Chamber of Deputies had inserted, which would have allowed domestic production of inputs for electronic cigarettes and vapes. He described them as a “jabuti”, a provision unrelated to the original measure.
Changes to the original text
The original deadline was also 120 days.
Rural producers may qualify for renegotiation if they lose 30 percent of their income or two harvests, due to climate events or price changes.
Government and sector positions
Paulo Pimenta, the government leader in the Chamber and rapporteur, said the changes do not raise costs for the public budget. He said the aim is to keep the R$100 billion cost set initially by the government.
Senator Tereza Cristina of the PP-MS said the measure was not the one the sector wanted. She said it would resolve part of the problem for indebted producers.
Progress so far
Its members said they would keep pushing for changes through other bills.
Source: Brazil's Senate
