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Os bilhões invisíveis do crédito rural: o custo da política pública é quase cinco vezes o subsídio de juros
This research paper by the Climate Policy Initiative/PUC-Rio analyzes the total public cost of rural credit in Brazil between 2023 and 2025. It argues that the actual cost to society is nearly five times higher than the typically reported interest rate subsidies, as it includes tax benefits, public funding sources, and debt renegotiations. The study highlights significant gaps in transparency, low focalization on social and environmental goals, and regulatory asymmetries between different funding sources.
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Document type: Research paper
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