Banco Central
Resolução CMN
•
27/11/2025
Resolução CMN N° 5.264
Sumário Regulatório
Extraído do BCB
Conteúdo do Documento
Voto RESOLUÇÃO CMN Nº 5.264, DE 27 DE NOVEMBRO DE 2025 Propõe ampliar os sublimites autorizados para contratação de operações de crédito com os órgãos e entidades do setor público para o exercício de 2025, por meio da modificação do anexo à Resolução CMN nº 4.995, de 24 de março de 2022. O Banco Central do Brasil, na forma do art. 9º da Lei nº 4.595, de 31 de dezembro de 1964, tor...
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<p class="MsoNormal" align="center" style="margin-bottom:18pt;text-align:center;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">RESOLUÇÃO CMN Nº 5.264, DE 27 DE NOVEMBRO
DE 2025</span></p>
<p class="MsoPlainText" style="margin:0cm 0cm 18pt 9cm;text-align:justify;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Propõe ampliar os sublimites autorizados para
contratação de operações de crédito com os órgãos e entidades do setor público
para o exercício de 2025, por meio da modificação do anexo à Resolução CMN nº
4.995, de 24 de março de 2022.</span></p>
<p class="MsoPlainText" style="margin-bottom:18pt;text-align:justify;text-indent:70.9pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">O
Banco Central do Brasil, na forma do art. 9º da Lei nº 4.595, de 31 de dezembro
de 1964, torna público que o Conselho Monetário Nacional, em sessão realizada
em 27 de novembro de 2025, tendo em vista as
disposições do art. 4º, <i>caput</i>, incisos VI, VIII e X, da mencionada Lei,</span></p>
<p class="MsoPlainText" style="margin-bottom:18pt;text-align:justify;text-indent:70.9pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">R
E S O L V E U :</span></p>
<p class="MsoPlainText" style="margin-bottom:6pt;text-align:justify;text-indent:70.9pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Art. 1º
 O anexo à Resolução CMN nº 4.995, de 24 de março de 2022, publicada no Diário
Oficial da União de 28 de março de 2022, passa a vigorar com as alterações
constantes no anexo a esta Resolução.</span></p>
<p class="MsoPlainText" style="margin-bottom:12pt;text-align:justify;text-indent:70.9pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Art.
2º  Esta Resolução entra em vigor na data de sua publicação.</span></p>
<p class="MsoNormal" align="center" style="text-align:center;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">GABRIEL MURICCA GALÍPOLO<br>Presidente do Banco Central do Brasil</span></p><span style="font-family:calibri;font-size:17.3333px;">
</span><span style="font-family:calibri;font-size:17.3333px;"><br clear="all">
</span><span style="font-family:calibri;font-size:17.3333px;">
</span><p class="MsoNormal" align="center" style="text-align:center;"><b style="font-family:calibri;font-size:17.3333px;color:#444444;">ANEXO</b></p>
<p class="MsoNormal" align="center" style="text-align:center;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">(Anexo à Resolução CMN nº 4.995, de 24
de março de 2022)</span></p>
<p class="MsoNormal" align="center" style="text-align:center;"><b style="font-family:calibri;font-size:17.3333px;color:#444444;">Limite anual para contratação de
operações de crédito para os órgãos e entidades do setor público a ser
observado pelas instituições financeiras e demais instituições autorizadas a
funcionar pelo Banco Central do Brasil.</b></p>
<p class="MsoNormal" align="center" style="text-align:center;"><b style="font-family:calibri;font-size:17.3333px;color:#444444;"> </b></p>
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</span><table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" width="643" style="width:482pt;margin-left:-1.7pt;border-collapse:collapse;border:none;">
<tbody><tr style="height:25.65pt;"><td width="49" style="width:36.85pt;border:1pt solid windowtext;padding:0cm 5.4pt;height:25.65pt;">
<p class="MsoPlainText" align="center" style="text-align:center;"><strong style="font-family:calibri;font-size:17.3333px;color:#444444;">Ano</strong></p>
</td>
<td width="199" style="width:149.35pt;border-top:1pt solid windowtext;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:none;padding:0cm 5.4pt;height:25.65pt;">
<p class="MsoPlainText" align="center" style="text-align:center;"><strong style="font-family:calibri;font-size:17.3333px;color:#444444;">Operações com garantia
da União</strong></p>
</td>
<td width="199" style="width:149.35pt;border-top:1pt solid windowtext;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:none;padding:0cm 5.4pt;height:25.65pt;">
<p class="MsoPlainText" align="center" style="text-align:center;"><strong style="font-family:calibri;font-size:17.3333px;color:#444444;">Operações sem garantia
da União</strong></p>
</td>
<td width="195" colspan="2" style="width:146.45pt;border-top:1pt solid windowtext;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:none;padding:0cm 5.4pt;height:25.65pt;">
<p class="MsoPlainText" align="center" style="text-align:center;"><strong style="font-family:calibri;font-size:17.3333px;color:#444444;">Total</strong></p>
</td>
</tr>
<tr style="height:12.25pt;"><td width="49" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:12.25pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2018</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.25pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$13.000.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.25pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$11.000.000.000,00</span></p>
</td>
<td width="195" colspan="2" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.25pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$24.000.000.000,00</span></p>
</td>
</tr>
<tr style="height:12.8pt;"><td width="49" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:12.8pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2019</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.8pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$13.500.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.8pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$11.000.000.000,00</span></p>
</td>
<td width="195" colspan="2" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.8pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$24.500.000.000,00</span></p>
</td>
</tr>
<tr style="height:70.85pt;"><td width="49" rowspan="2" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:70.85pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2020</span></p>
</td>
<td width="199" rowspan="2" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:70.85pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$9.000.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:70.85pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$11.000.000.000,00 </span></p>
</span></td>
<td width="195" colspan="2" rowspan="2" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:70.85pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$20.400.000.000,00</span></p>
</td>
</tr>
<tr style="height:65.2pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:65.2pt;"><span style="color:#444444;">
<p class="MsoPlainText" style="margin-bottom:6pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$400.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:115.5pt;"><td width="49" rowspan="3" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:115.5pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2021</span></p>
</td>
<td width="199" rowspan="3" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:115.5pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$6.500.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:115.5pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios,
excluindo as empresas estatais a que se refere o art. 10 (artigo revogado em
1º de janeiro de 2023)</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$10.500.000.000,00</span></p>
</span></td>
<td width="195" colspan="2" rowspan="3" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:115.5pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$20.500.000.000,00</span></p>
</td>
</tr>
<tr style="height:94.45pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:94.45pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
as empresas estatais a que se refere o art. 10 (artigo revogado em 1º de
janeiro de 2023)</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$3.000.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:65.2pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:65.2pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$500.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:59.55pt;"><td width="49" rowspan="3" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:59.55pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2022</span></p>
</td>
<td width="199" rowspan="3" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:59.55pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$6.500.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:59.55pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios,
excluindo as empresas estatais a que se refere o art. 10 (artigo revogado em
1º de janeiro de 2023)</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$10.500.000.000,00</span></p>
</span></td>
<td width="195" colspan="2" rowspan="3" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:59.55pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$18.625.000.000,00</span></p>
</td>
</tr>
<tr style="height:68.05pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:68.05pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
as empresas estatais a que se refere o art. 10 (artigo revogado em 1º de
janeiro de 2023)</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.000.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:51pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:51pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$625.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:1pt;"><td width="49" rowspan="3" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2023</span></p>
</td>
<td width="199" rowspan="2" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$15.000.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$18.000.000.000,00</span></p>
</span></td>
<td width="195" colspan="2" rowspan="3" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$37.125.000.000,00</span></p>
</td>
</tr>
<tr style="height:5.65pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:5.65pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$625.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:99.2pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:99.2pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Empresa Brasileira de Participações em Energia Nuclear e Binacional S/A –
ENBPar, exclusivamente para a implantação da Usina Nuclear de Angra 3</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$2.300.000.000,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:99.2pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Eletrobras Termonuclear S/A – Eletronuclear, exclusivamente para a
implantação da Usina Nuclear de Angra 3</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.200.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:5.65pt;"><td width="49" rowspan="4" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:5.65pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2024</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:5.65pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$17.500.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:5.65pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$7.000.000.000,00</span></p>
</span></td>
<td width="195" colspan="2" rowspan="4" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:5.65pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$31.075.651.683,00</span></p>
</td>
</tr>
<tr style="height:6.3pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
operações contempladas no âmbito do Programa de Aceleração do Crescimento – Novo PAC</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$500.000.000,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText" style="margin-bottom:6pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para operações contempladas no
âmbito do Novo PAC</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoHeader"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até R$500.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:6.3pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
contratações no âmbito de Parcerias Público Privadas – PPPs</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$500.000.000,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText" style="margin-bottom:12pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoHeader"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até R$625.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:6.3pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Empresa Brasileira de Participações em Energia Nuclear e Binacional S/A –
ENBPar</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.736.839.681,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText" style="margin-bottom:12pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para a Eletrobras Termonuclear S/A –
Eletronuclear</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoHeader"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$2.713.812.002,00</span></p>
</span></td>
</tr>
<tr style="height:13.1pt;"><td width="49" rowspan="4" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2025 </span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$12.100.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$4.600.000.000,00</span></p>
</span></td>
<td width="195" rowspan="4" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$27.425.651.683,00</span></p>
</td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
operações contempladas no âmbito do Novo PAC</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$2.900.000.000,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
operações contempladas no âmbito do Novo PAC</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.400.000.000,00</span></p>
</span></td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="199" rowspan="2" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Empresa Brasileira de Participações em Energia Nuclear e Binacional S/A –
ENBPar</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.736.839.681,00 </span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$ 2.425.000.000,00 </span></p>
</span></td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Eletrobras Termonuclear S/A – Eletronuclear </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$2.263.812.002,00 </span></p>
</span></td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="49" rowspan="2" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2026 </span></p>
</td>
<td width="199" rowspan="2" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$9.000.000.000,00 </span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$6.000.000.000,00 </span></p>
</span></td>
<td width="195" rowspan="2" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$15.625.000.000,00 </span></p>
</td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$625.000.000,00 </span></p>
</span></td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
</tbody></table>
<p class="Estilo1" style="margin-left:0cm;text-indent:0cm;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
</span></div>
</div>
<span style="font-family:calibri;font-size:17.3333px;color:#444444;">
</span><span style="font-family:calibri;font-size:17.3333px;color:#444444;">
</span><title style="font-family:calibri;font-size:17.3333px;color:#444444;">Voto</title><span style="font-family:calibri;font-size:17.3333px;color:#444444;">
</span><style style="font-family:calibri;font-size:17.3333px;color:#444444;">
</style><span style="font-family:calibri;font-size:17.3333px;color:#444444;">
</span><div class="WordSection1"><span style="color:#444444;">
<p class="MsoNormal" align="center" style="margin-bottom:18pt;text-align:center;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">RESOLUÇÃO CMN Nº 5.264, DE 27 DE NOVEMBRO
DE 2025</span></p>
<p class="MsoPlainText" style="margin:0cm 0cm 18pt 9cm;text-align:justify;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Propõe ampliar os sublimites autorizados para
contratação de operações de crédito com os órgãos e entidades do setor público
para o exercício de 2025, por meio da modificação do anexo à Resolução CMN nº
4.995, de 24 de março de 2022.</span></p>
<p class="MsoPlainText" style="margin-bottom:18pt;text-align:justify;text-indent:70.9pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">O
Banco Central do Brasil, na forma do art. 9º da Lei nº 4.595, de 31 de dezembro
de 1964, torna público que o Conselho Monetário Nacional, em sessão realizada
em 27 de novembro de 2025, tendo em vista as
disposições do art. 4º, <i>caput</i>, incisos VI, VIII e X, da mencionada Lei,</span></p>
<p class="MsoPlainText" style="margin-bottom:18pt;text-align:justify;text-indent:70.9pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">R
E S O L V E U :</span></p>
<p class="MsoPlainText" style="margin-bottom:6pt;text-align:justify;text-indent:70.9pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Art. 1º
 O anexo à Resolução CMN nº 4.995, de 24 de março de 2022, publicada no Diário
Oficial da União de 28 de março de 2022, passa a vigorar com as alterações
constantes no anexo a esta Resolução.</span></p>
<p class="MsoPlainText" style="margin-bottom:12pt;text-align:justify;text-indent:70.9pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Art.
2º  Esta Resolução entra em vigor na data de sua publicação.</span></p>
<p class="MsoNormal" align="center" style="text-align:center;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">GABRIEL MURICCA GALÍPOLO<br>Presidente do Banco Central do Brasil</span></p><span style="font-family:calibri;font-size:17.3333px;">
</span><span style="font-family:calibri;font-size:17.3333px;"><br clear="all">
</span><span style="font-family:calibri;font-size:17.3333px;">
</span><p class="MsoNormal" align="center" style="text-align:center;"><b style="font-family:calibri;font-size:17.3333px;color:#444444;">ANEXO</b></p>
<p class="MsoNormal" align="center" style="text-align:center;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">(Anexo à Resolução CMN nº 4.995, de 24
de março de 2022)</span></p>
<p class="MsoNormal" align="center" style="text-align:center;"><b style="font-family:calibri;font-size:17.3333px;color:#444444;">Limite anual para contratação de
operações de crédito para os órgãos e entidades do setor público a ser
observado pelas instituições financeiras e demais instituições autorizadas a
funcionar pelo Banco Central do Brasil.</b></p>
<p class="MsoNormal" align="center" style="text-align:center;"><b style="font-family:calibri;font-size:17.3333px;color:#444444;"> </b></p>
<span style="color:#444444;"></span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><span style="color:#444444;">
</span><table class="MsoNormalTable" border="1" cellspacing="0" cellpadding="0" width="643" style="width:482pt;margin-left:-1.7pt;border-collapse:collapse;border:none;">
<tbody><tr style="height:25.65pt;"><td width="49" style="width:36.85pt;border:1pt solid windowtext;padding:0cm 5.4pt;height:25.65pt;">
<p class="MsoPlainText" align="center" style="text-align:center;"><strong style="font-family:calibri;font-size:17.3333px;color:#444444;">Ano</strong></p>
</td>
<td width="199" style="width:149.35pt;border-top:1pt solid windowtext;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:none;padding:0cm 5.4pt;height:25.65pt;">
<p class="MsoPlainText" align="center" style="text-align:center;"><strong style="font-family:calibri;font-size:17.3333px;color:#444444;">Operações com garantia
da União</strong></p>
</td>
<td width="199" style="width:149.35pt;border-top:1pt solid windowtext;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:none;padding:0cm 5.4pt;height:25.65pt;">
<p class="MsoPlainText" align="center" style="text-align:center;"><strong style="font-family:calibri;font-size:17.3333px;color:#444444;">Operações sem garantia
da União</strong></p>
</td>
<td width="195" colspan="2" style="width:146.45pt;border-top:1pt solid windowtext;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:none;padding:0cm 5.4pt;height:25.65pt;">
<p class="MsoPlainText" align="center" style="text-align:center;"><strong style="font-family:calibri;font-size:17.3333px;color:#444444;">Total</strong></p>
</td>
</tr>
<tr style="height:12.25pt;"><td width="49" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:12.25pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2018</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.25pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$13.000.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.25pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$11.000.000.000,00</span></p>
</td>
<td width="195" colspan="2" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.25pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$24.000.000.000,00</span></p>
</td>
</tr>
<tr style="height:12.8pt;"><td width="49" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:12.8pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2019</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.8pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$13.500.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.8pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$11.000.000.000,00</span></p>
</td>
<td width="195" colspan="2" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:12.8pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$24.500.000.000,00</span></p>
</td>
</tr>
<tr style="height:70.85pt;"><td width="49" rowspan="2" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:70.85pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2020</span></p>
</td>
<td width="199" rowspan="2" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:70.85pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$9.000.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:70.85pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$11.000.000.000,00 </span></p>
</span></td>
<td width="195" colspan="2" rowspan="2" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:70.85pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$20.400.000.000,00</span></p>
</td>
</tr>
<tr style="height:65.2pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:65.2pt;"><span style="color:#444444;">
<p class="MsoPlainText" style="margin-bottom:6pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$400.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:115.5pt;"><td width="49" rowspan="3" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:115.5pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2021</span></p>
</td>
<td width="199" rowspan="3" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:115.5pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$6.500.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:115.5pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios,
excluindo as empresas estatais a que se refere o art. 10 (artigo revogado em
1º de janeiro de 2023)</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$10.500.000.000,00</span></p>
</span></td>
<td width="195" colspan="2" rowspan="3" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:115.5pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$20.500.000.000,00</span></p>
</td>
</tr>
<tr style="height:94.45pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:94.45pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
as empresas estatais a que se refere o art. 10 (artigo revogado em 1º de
janeiro de 2023)</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$3.000.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:65.2pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:65.2pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$500.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:59.55pt;"><td width="49" rowspan="3" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:59.55pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2022</span></p>
</td>
<td width="199" rowspan="3" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:59.55pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$6.500.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:59.55pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios,
excluindo as empresas estatais a que se refere o art. 10 (artigo revogado em
1º de janeiro de 2023)</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$10.500.000.000,00</span></p>
</span></td>
<td width="195" colspan="2" rowspan="3" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:59.55pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$18.625.000.000,00</span></p>
</td>
</tr>
<tr style="height:68.05pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:68.05pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
as empresas estatais a que se refere o art. 10 (artigo revogado em 1º de
janeiro de 2023)</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.000.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:51pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:51pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$625.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:1pt;"><td width="49" rowspan="3" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2023</span></p>
</td>
<td width="199" rowspan="2" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$15.000.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$18.000.000.000,00</span></p>
</span></td>
<td width="195" colspan="2" rowspan="3" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$37.125.000.000,00</span></p>
</td>
</tr>
<tr style="height:5.65pt;">
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:5.65pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$625.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:99.2pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:99.2pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Empresa Brasileira de Participações em Energia Nuclear e Binacional S/A –
ENBPar, exclusivamente para a implantação da Usina Nuclear de Angra 3</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$2.300.000.000,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:99.2pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Eletrobras Termonuclear S/A – Eletronuclear, exclusivamente para a
implantação da Usina Nuclear de Angra 3</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.200.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:5.65pt;"><td width="49" rowspan="4" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm 5.4pt;height:5.65pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2024</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:5.65pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$17.500.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:5.65pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$7.000.000.000,00</span></p>
</span></td>
<td width="195" colspan="2" rowspan="4" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:5.65pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$31.075.651.683,00</span></p>
</td>
</tr>
<tr style="height:6.3pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
operações contempladas no âmbito do Programa de Aceleração do Crescimento – Novo PAC</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$500.000.000,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText" style="margin-bottom:6pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para operações contempladas no
âmbito do Novo PAC</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoHeader"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até R$500.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:6.3pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
contratações no âmbito de Parcerias Público Privadas – PPPs</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$500.000.000,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText" style="margin-bottom:12pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoHeader"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até R$625.000.000,00</span></p>
</span></td>
</tr>
<tr style="height:6.3pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Empresa Brasileira de Participações em Energia Nuclear e Binacional S/A –
ENBPar</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.736.839.681,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm 5.4pt;height:6.3pt;"><span style="color:#444444;">
<p class="MsoPlainText" style="margin-bottom:12pt;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para a Eletrobras Termonuclear S/A –
Eletronuclear</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoHeader"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$2.713.812.002,00</span></p>
</span></td>
</tr>
<tr style="height:13.1pt;"><td width="49" rowspan="4" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2025 </span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$12.100.000.000,00</span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$4.600.000.000,00</span></p>
</span></td>
<td width="195" rowspan="4" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$27.425.651.683,00</span></p>
</td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
operações contempladas no âmbito do Novo PAC</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$2.900.000.000,00</span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
operações contempladas no âmbito do Novo PAC</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.400.000.000,00</span></p>
</span></td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="199" rowspan="2" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Empresa Brasileira de Participações em Energia Nuclear e Binacional S/A –
ENBPar</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$1.736.839.681,00 </span></p>
</span></td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$ 2.425.000.000,00 </span></p>
</span></td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
a Eletrobras Termonuclear S/A – Eletronuclear </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$2.263.812.002,00 </span></p>
</span></td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="49" rowspan="2" style="width:36.85pt;border-right:1pt solid windowtext;border-bottom:1pt solid windowtext;border-left:1pt solid windowtext;border-top:none;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">2026 </span></p>
</td>
<td width="199" rowspan="2" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$9.000.000.000,00 </span></p>
</td>
<td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades dos Estados, do Distrito Federal e dos Municípios</span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$6.000.000.000,00 </span></p>
</span></td>
<td width="195" rowspan="2" style="width:146.45pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$15.625.000.000,00 </span></p>
</td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
<tr style="height:13.1pt;"><td width="199" style="width:149.35pt;border-top:none;border-left:none;border-bottom:1pt solid windowtext;border-right:1pt solid windowtext;padding:0cm;height:13.1pt;"><span style="color:#444444;">
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Para
órgãos e entidades da União </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
<p class="MsoPlainText"><span style="font-family:calibri;font-size:17.3333px;color:#444444;">Até
R$625.000.000,00 </span></p>
</span></td>
<td width="2" style="border:none;padding:0cm;"><p class="MsoNormal"> </p></td>
</tr>
</tbody></table>
<p class="Estilo1" style="margin-left:0cm;text-indent:0cm;"><span style="font-family:calibri;font-size:17.3333px;color:#444444;"> </span></p>
</span></div>
</div>
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