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Monday, October 13, 2014. Reasons for the high interest rates of Brazil. The Treasury issues bonds under base rate Selic 11 and the BNDES lends to companies based on the Long Term Interest Rate TJLP of 5. The spread represents the Treasury subsidies, estimated at R30 billion a year. Most of them are not included in the Budget of the Union, run outside of primary spending and cannot be influenced by Congress, which holds the task of discussing and approving the budget. Without understanding this an.CONTENT
This web page waldemar-jezler.blogspot.com states the following, "Monday, October 13, 2014." We saw that the webpage said " Reasons for the high interest rates of Brazil." It also said " The Treasury issues bonds under base rate Selic 11 and the BNDES lends to companies based on the Long Term Interest Rate TJLP of 5. The spread represents the Treasury subsidies, estimated at R30 billion a year. Most of them are not included in the Budget of the Union, run outside of primary spending and cannot be influenced by Congress, which holds the task of discussing and approving the budget."