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Emergency withdrawals caused a loss of R$45 billion to FGTS - News

Emergency withdrawals caused a loss of R$45 billion to FGTS – News

as such Resource releases of the FGTS (Staff Guarantee Fund) implemented in the past three years الثلاث It led to a loss of 44.6 billion Brazilian riyals from the main financial reserve of workers. The projection was made by Dieese (Department of Statistics and Joint Social and Economic Studies) at the request of Fenae (National Federation of Federal Employees Associations Caixa Econômica).

According to the figures, only the so-called instant withdrawal, which allocated up to R$500 to each active worker account, withdrew R$27.9 billion from FGTS. From January 2020 through May this year, another 16.74 billion R$ was deducted from the fund during the birthday of the withdrawal.

Read more: The government does not plan to release emergency FGTS recalls this year

The head of Fenae, Sergio Takemoto, warns that the outflow of resources is worrisome as it harms the sustainability of the fund and takes away the sums that could be invested in public housing.

“The Guarantee Fund has an important social function and in the development of the country, with investments mainly in the housing, sanitation and infrastructure sectors,” highlights Takemoto.

The study also found FGTS collections and withdrawals between 2017 and 2020. According to the survey, there was a net negative collection of R$58.3 billion. The result is the result of a deposit of R$522.7 billion and a withdrawal of R$581 billion.

“The situation is very worrying because, with the fund being reduced, in absolute terms, it loses the ability to finance large housing projects, which help create jobs and revitalize the economy,” says Clovis Scherer, an economist in Parliament.

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Shearer stresses that the risks to sustainability did not increase even greater due to the transfer of R$22.5 billion to the FGTS in the form of resources from another fund, PIS (Social Integration Program) / Pasep (Public Server Inheritance Formation Program), Extinct last year.

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According to Finney, the data shows that FGTS resources devoted to areas of popular housing, basic sanitation and urban infrastructure have declined in recent years. According to official data from the fund, the amounts actually implemented in the sanitation sector decreased by 39.6%, from 2.25 billion Brazilian reais to 1.36 billion Brazilian reais between 2018 and 2020.

In housing, the FGTS budget to grant financing to families with a gross monthly income of up to R$4,000 will decrease by R$14.5 billion, with a decrease to R$33.5 billion this year, according to Caixa Econômica Federal, the bank responsible for managing the fund.

In addition to reducing the number of housing units by 5.8%, from 448,013 in 2019 to 421,826 in 2020, the decrease in investments affects job creation in the sector, which is reflected in the 11.5% decrease in opportunities in the sector in the period . .

The housing deficit in Brazil is currently 7.797 million homes, according to a study released by the FGV (Fundação Getúlio Vargas) at the end of last year.

Takemoto points out that the decline in resources comes at a negative time for Brazil, which is experiencing a significant increase in its homeless population.

“In the post-pandemic period, when it is necessary to strengthen the economy, create jobs and finance housing for low-income populations, the budget will not reach what is necessary,” he lamented.

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