---
slug: valor-limite-financiamento-calamidade
lang: en
titulo: Maximum surplus amount of the Social Fund for financing in calamities is R$ 20 billion
resposta: The authorized maximum surplus of the Social Fund (SF) calculated on 31 December 2023 for public calamity financing lines is R$ 20 billion, as set by Law 14.981/2024.
curto: R$ 20 bn SF limit
tema: Oil and gas
revisada: 2026-10-04
proxima: 2027-04-04
---

## Data

| Quem | Critério | Consequência | Fonte | Data do dado |
|---|---|---|---|---|
| Fundo Social (FS) | Superávit financeiro apurado em 31 de dezembro de 2023 | Autorização de uso para linhas de financiamento contra calamidades públicas e mudanças climáticas | Lei 12.351/2010, art. 47-A | 20/09/2024 (Lei 14.981) |
| Fundo Social (FS) | Montante total do superávit utilizado | Limitação ao valor máximo de R$ 20.000.000.000,00 | Lei 12.351/2010, art. 47-A | 20/09/2024 (Lei 14.981) |
| Gestão do FS | Alocação de recursos | Administração pelo Conselho Deliberativo do Fundo Social (CDFS) | Lei 12.351/2010, art. 58 | 09/01/2025 (Lei 15.164) |

Data consulted on 04/10/2026.

## Basis
- [Lei n.º 12.351/2010 (Planalto, in Portuguese)](https://www.planalto.gov.br/ccivil_03/_ato2007-2010/2010/lei/l12351.htm): Provides for petroleum exploitation under the production‑sharing regime, creates the Social Fund (SF) and defines, in its article 47‑A, the R$ 20 billion limit of the 2023 surplus for calamity response.

## How it applies
The legislation authorizes the use of the Social Fund's financial surplus, determined on 31 December 2023, including the principal amount, to constitute resource sources for financing lines. The aim is to support mitigation and adaptation actions to climate change, as well as to address the social and economic impacts of public calamities.

Resources are transferred to the National Bank for Economic and Social Development (BNDES) or financial institutions authorized by it. These institutions assume the operational risks, including credit risk, and provide credit to individuals and legal entities located in federative units declared in a state of calamity. For legal entities, contracts must obligatorily provide for the maintenance or increase of the number of jobs existing before the calamity event.

## Limits
- The R$ 20 billion limit already includes any amounts previously transferred under Provisional Measure No 1.226/2024.
- The resources may not be used, directly or indirectly, to grant guarantees.
- The Union does not assume the risks of credit operations carried out with these resources.
- Failure to fulfill the employment‑maintenance commitment results in the loss of the subsidised interest‑rate benefit, with retroactive application of market charges.
- This sheet does not cover specific rules on royalties or state and municipal participations unrelated to the cited surplus; later amendments must be checked at the source.