Unfolds 2.0: workers have already requested the use of R$3.88 billion from FGTS to reduce debts

Desenrola Brasil
Diogo Zacarias/Ministry of Finance
Around 3.3 million workers have already requested the use of R$ 3.88 billion in resources from their accounts linked to the Service Time Guarantee Fund (FGTS) to reduce debts within Desenrola 2.0 - a program to reduce the debt of the Brazilian population.
Of the workers who made the request, 94.3% opt for the birthday withdrawal, with 86.9% having active advance payments.
These requests, whose deadline opened on May 25, are still being evaluated by Caixa Econômica Federal.
By June 12, according to the Ministry of Labor, the release of R$ 10 million was approved, referring to 17.1 thousand operations.
The amounts will be transferred to the banks with which the debt will be written off on June 25.
According to the program rules, people can use up to 20% of the available FGTS balance, or up to R$ 1 thousand (whichever is greater), to pay debts. The estimate is that up to R$8.2 billion will be released to workers.
To ensure that the resources will actually be used to pay off debts, Caixa transfers the FGTS money directly to the bank where the worker has debts.
Since the end of May, workers can now check their FGTS balance to use it in Novo Desenrola. This is the first step towards using resources to reduce bank debts.
How it works: workers can consult FGTS to pay debts
How it works
The worker consults his balance and authorizes the bank to which he owes to seek the value of the balance available for negotiation.
Then, he negotiates with the debtor bank the discounted value of the debt at the financial institution itself.
After consulting the balance, banks and other financial institutions will have an estimated period of up to 30 days to formalize the contracts and record the information in the Caixa Econômica Federal systems.
Once validation is complete, Caixa will transfer the FGTS resources directly to the creditor institution.
Develops 2.0
Launched in May, the program provides for the renegotiation of debt, with discounts, and exchange for a cheaper debt, targeting Brazilians who earn up to five minimum wages, that is, R$ 8,105.
In it, debts contracted until January 31, 2026 that are overdue between 90 days and 2 years are renegotiated, with credit cards, special checks and personal credit (CDC).
➡ Interest is a maximum of 1.99% per month, with discounts of 30% to 90% on the principal amount of the debt. Discounts will vary depending on the credit line and term. A calculator will be made available for workers to know the discount.
➡The government is using a fund with public resources to offer guarantees to financial institutions, that is, the Union's money will cover any default by credit borrowers. R$5.7 billion had been transferred by the end of May, but the operation is being investigated by the Federal Audit Court (TCU).
Balance sheet released at the beginning of June shows that R$20 billion had been renegotiated, up to that point. 1.4 million renegotiations had been carried out, with the average discount being 85% of the original debt value. As a result, the debt fell from R$20 billion to R$2.7 billion.

Source: G1