Once again, lottery revenue in Brazil is the target of attention from the Brazilian Parliament. This time, a proposal intends for part of the resources to be allocated to the National Land Credit Program. The project is by senator Jaime Bagattoli (PL-RO Party).
According to the proposition, 1% of the resources from the total revenue obtained through obtaining bets or selling lottery tickets, in physical or virtual media, must be applied to financing the Terra Brasil land credit program.
Terra Brasil is made up of a set of land reorganization and rural settlement actions and projects, complementary to agrarian reform, promoted through land credit intended for access to land and investments.
The program offers three types of financing for the acquisition of a rural property, in addition to financing the structuring of the property and the production project, and can be paid in up to 25 years, with a three-year grace period.
If the transfer of part of the lottery resources to the Commission is approved, the matter will go to the Plenary. If it passes, it will be forwarded to the Chamber of Deputies for analysis.
Source: GMB / Agência Senado
