MAR 30 DE ABRIL DE 2024 - 10:14hs.
According to secretary Mansueto de Almeida

LOTEX auction delayed for February or March, rules can undergo changes

The economic development secretary, Mansueto de Almeida, told local media VALUE that the LOTEX auction (known as raspadinha -scratch card-) is expected to take place between February and March of next year. Brazilian government had been working with the idea of the auction taking place this year, by December, but now it is evaluating the possibility of changes due to complaints from potential participants of the event.

In addition to the delay, Mansueto explained that the government is evaluating the possibility of changes in the terms of the auction, due to complaints from potential participants in the event that criticized, for example, the requirement of cash payment of the grant of R$ 923 million (US$ 283m), considering it high.

The secretary said that for now these terms do not change, but, acknowledged that the matter is under analysis. For him, it is difficult to change the value because it was defined based on technical studies done by two companies contracted by BNDES.

Mansueto explained that the postponement of the auction occurs because the analysis of the process was being done by the Federal Court of Audit (TCU) in Brasilia and was sent to court in Rio de Janeiro. TCU's analysis is preliminary to the publication of the call for tenders. This move to Rio delayed the process by more than a month.

According to Mansueto, if this analysis is completed later this month by the technical unit of Rio, it would still be possible for the court of accounts to authorize in December at the last plenary meeting of the TCU ministers, which would help to carry out the auction in the first quarter.

The secretary pointed out that the postponement does not affect the national accounts this year because, given the uncertainty and prudential postural, the government had already withdrawn the LOTEX concession from revenue projection.

Source: GMB / Valor Econômico