The Central Bank is set to transfer R$28.16 billion to the National Treasury in 2025 for public debt management, with the funds derived from non-exchange operations in the monetary authority’s 2024 balance sheet. The transfer, which does not affect the primary fiscal result, was disclosed on Wednesday.
Mandated by law, the transfer of the Central Bank’s positive balance sheet results occurs after the formation of foreign exchange reserves. The legislation stipulates that these funds are an obligation to the Federal Government and must be used exclusively to service the Federal Securitized Public Debt (DPMF).
The figure remains preliminary, pending review and approval by the National Monetary Council (CMN), which typically…
