Treasury disbursed $129 mm to pay debts of governments and municipalities

The National Treasury needed to disburse R$ 647.29 million ($129 mm) to honour bank debts with guarantees from the Union that were not paid by state governments and municipalities last month. The amount refers almost entirely to debts of R$ 639.25 million ($127 mm) in the state of Rio de Janeiro. From January to November, the Treasury has already bankrolled R$ 7.792 billion ($1.5 bn) in loans from states and municipalities.

Source: UOL Economia