Rio’s Treasury Department guarantees timely payments to pensioners and state pensioners

The State Government insists that retirees and retirees will not experience delays in payments, after the government cut ties to income from Rioprevidência oil royalties. According to Finance Minister Leonardo Lobo, this initiative aims to guarantee payments.

“We are taking steps that will really improve the cash flow of the state of Rio. Ultimately, what we’re looking for is to ensure that we have cash for longer. “This means that in this way we guarantee that everyone receives all payments and that all state obligations are fulfilled,” explained the Regional Secretary.

In addition, according to Lobo, unlinked resources will now be channeled to the State Treasury account.

The measure is valid until the end of 2024, limited to a value of around four billion and R$900 million reais. This operation was supported by federal law that permitted the use of Royalties to pay debts to the Union.