Government eases collection of $55.5 bn in debts

The federal government suspended, renegotiated or postponed the collection of instalments of almost R$300 billion ($55.5 bn) in debts it had to receive from companies and individuals in 2020. Since March, the Attorney General’s Office of the National Treasury (PGFN) has adopted flexible measures to collect debt to reduce pressure on debtors who lost revenue amid the pandemic. The fiscal aid covered small to large debtors, with debts starting at R$15 million ($2.7 mm).

Source: Valor Intenational