Post by account_disabled on Mar 5, 2024 23:54:05 GMT -5
The volume of resources that the City of São Paulo allocates to the payment of court orders for the municipality is insufficient to pay off the debt within the -year period stipulated by Constitutional Amendment , of
The conclusion is part of a report presented, this Monday (/), by the regional counselor of the São Paulo section of the Brazilian Bar Association Marcelo Reis Lobo at a meeting of the São Paulo Precatório Management Committee.
According to the report, the city's judicial debt increased by % in three years — it went from R$ billion in to R$ billion in However, Lobo says that if the conditions are maintained current payment, collection and filing of court orders, and considering the full value of the debts, they should only be paid in — years after EC comes into force.
“These court orders will not be paid within an acceptable BTC Number Data period of time”, says Lobo, remembering that, even considering the % discount that the city hall has been adopting in agreements with creditors, the debt would still only be paid in
To solve this problem, he proposes, in the report, to increase the percentage of current revenue that the City Hall allocates to the payment of court orders. Currently at %, the portion allocated to judicial debt should be increased to %, according to the lawyer.
Lobo states that this expansion should not harm the services provided by City Hall, since, according to his calculations, the municipality of São Paulo has R$ billion in financial investments.
Internal chicanery
With the entry into force of Constitutional Amendment , it is up to the Courts of Justice to administer and monitor the payment of court orders.
Lobo says, however, that structural problems at TJ-SP tend to increase the waiting list. He identifies bottlenecks in the Precatório Directorate and in the execution sector against the Treasury. “Both sectors were not prepared to take on the administrative workload that EC placed in the lap of the Judiciary,” he says.
According to him, despite the Court of Justice's efforts to create an infrastructure focused on court orders, service is still far from ideal.
The conclusion is part of a report presented, this Monday (/), by the regional counselor of the São Paulo section of the Brazilian Bar Association Marcelo Reis Lobo at a meeting of the São Paulo Precatório Management Committee.
According to the report, the city's judicial debt increased by % in three years — it went from R$ billion in to R$ billion in However, Lobo says that if the conditions are maintained current payment, collection and filing of court orders, and considering the full value of the debts, they should only be paid in — years after EC comes into force.
“These court orders will not be paid within an acceptable BTC Number Data period of time”, says Lobo, remembering that, even considering the % discount that the city hall has been adopting in agreements with creditors, the debt would still only be paid in
To solve this problem, he proposes, in the report, to increase the percentage of current revenue that the City Hall allocates to the payment of court orders. Currently at %, the portion allocated to judicial debt should be increased to %, according to the lawyer.
Lobo states that this expansion should not harm the services provided by City Hall, since, according to his calculations, the municipality of São Paulo has R$ billion in financial investments.
Internal chicanery
With the entry into force of Constitutional Amendment , it is up to the Courts of Justice to administer and monitor the payment of court orders.
Lobo says, however, that structural problems at TJ-SP tend to increase the waiting list. He identifies bottlenecks in the Precatório Directorate and in the execution sector against the Treasury. “Both sectors were not prepared to take on the administrative workload that EC placed in the lap of the Judiciary,” he says.
According to him, despite the Court of Justice's efforts to create an infrastructure focused on court orders, service is still far from ideal.