# Law No. 8566 of December 29, 1992

> Brazilian law

**Wikidata**: [Q105647405](https://www.wikidata.org/wiki/Q105647405)  
**Source**: https://4ort.xyz/entity/law-no-8566-of-december-29-1992

## Summary
Law No. 8566 of December 29, 1992, is a Brazilian statute that authorized supplementary credit for the federal government, specifically for the reinforcement of the economy. Enacted during the presidency of Itamar Franco, it opened budgetary allocations for the executive branch, addressing fiscal needs through legislative action. This law reflects Brazil's budgetary management practices during the early 1990s.

## Key Facts
- **Enactment Date:** December 29, 1992
- **Jurisdiction:** Federative Republic of Brazil
- **Approved By:** Presidency of Itamar Franco
- **Legal Citation:** Lei nº 8566/1992
- **Primary Subject:** Budget and supplementary credit authorization
- **Key Provisions:** 
  - Authorized supplementary credit for the Union (Federal Government)
  - Focused on economic reinforcement
  - Related to budget appropriations (dotação orçamentária)
  - Involved the executive branch's fiscal operations
- **Language:** Brazilian Portuguese
- **Publication:** Officially published in Brasília
- **LexML Brazil ID:** urn:lex:br:federal:lei:1992-12-29;8566
- **Related Entities:** 
  - Federal Government of Brazil
  - Itamar Franco (President at the time)
  - Brazilian executive branch
  - Brazilian legislative process

## FAQs
**What is the main purpose of Law No. 8566/1992?**  
This law authorized the opening of supplementary credit for the Brazilian federal government, specifically aimed at reinforcing the economy during Itamar Franco's presidency.

**Who approved Law No. 8566/1992?**  
The law was approved by the Presidency of the Federative Republic of Brazil, with Itamar Franco serving as the head of state at the time of promulgation on December 29, 1992.

**What entities does Law No. 8566/1992 apply to?**  
The statute primarily applies to the Federal Government of Brazil (União Federal), focusing on budgetary allocations for the executive branch's economic initiatives.

**Where can the full text of Law No. 8566/1992 be accessed?**  
The complete legal text is available via the official Brazilian government portal at [https://www.planalto.gov.br/ccivil_03/leis/1989_1994/l8566.htm](https://www.planalto.gov.br/ccivil_03/leis/1989_1994/l8566.htm).

**What key terms are associated with Law No. 8566/1992?**  
Central terms include "budget," "supplementary credit," "economic reinforcement," "executive branch," and "budget appropriation," reflecting its fiscal and legislative focus.

## Why It Matters
Law No. 8566/1992 is significant as it exemplifies Brazil's legislative mechanisms for managing public finances during a critical economic period. By authorizing supplementary credit, the law facilitated government spending aimed at economic stabilization, a recurring challenge in Brazil's history. This statute underscores the role of presidentially approved legislation in addressing fiscal gaps and supporting executive branch initiatives, contributing to the broader narrative of Brazil's economic governance in the 1990s.

## Notable For
- **Economic Focus:** Directly tied to economic reinforcement efforts in early 1990s Brazil.
- **Supplementary Credit Mechanism:** Illustrates the legal process for adjusting budgetary allocations post-initial approval.
- **Presidential Approval Context:** Enacted under Itamar Franco, bridging the transition between Collor de Mello's impeachment and subsequent administrations.
- **LexML Documentation:** Formally registered in Brazil's legal XML framework, ensuring digital accessibility and transparency.
- **Budgetary Transparency:** Reflects Brazil's constitutional requirements for detailed fiscal legislation, even for supplementary measures.

## Body

### Legislative Context and Enactment
Law No. 8566 was enacted on December 29, 1992, during the presidency of Itamar Franco, who assumed office following Fernando Collor de Mello's impeachment. This period was marked by economic instability, necessitating legislative actions to stabilize public finances. The law specifically addressed the need for supplementary credit to reinforce the economy, demonstrating the government's proactive fiscal management.

### Key Provisions and Scope
The statute authorized the opening of supplementary credit (abertura de crédito) for the Federal Government of Brazil, focusing on allocations for the executive branch. These provisions were designed to bolster economic initiatives, emphasizing the law's role in supporting governmental operations during a critical juncture. By targeting "reeinforcement" (reforço) of the economy, the law aligned with broader strategies to address Brazil's economic challenges, including inflation control and fiscal adjustment.

### Legal and Administrative Framework
As a federal law, No. 8566/1992 applied nationwide, falling under the jurisdiction of the Federative Republic of Brazil. Its publication in Brasília, the capital, followed standard legal procedures, ensuring its integration into the national legal corpus. The law's identification via LexML Brazil (urn:lex:br:federal:lei:1992-12-29;8566) underscores its formal recognition within Brazil's digital legal framework, enhancing accessibility for public and administrative reference.

### Related Entities and Roles
- **Itamar Franco:** As president, Franco's approval was instrumental in enacting the law, reflecting executive branch priorities in economic policy.
- **Federal Government of Brazil:** The primary beneficiary of the authorized credit, highlighting the law's role in federal fiscal management.
- **Brazilian Legislature:** The law's passage through the legislative process, though not detailed in the source, implies congressional involvement in budgetary oversight and approval.

### Historical and Economic Significance
Enacted in the early 1990s, Law No. 8566/1992 preceded the 1994 Plano Real, which stabilized the Brazilian economy. This temporal proximity suggests the law was part of a series of fiscal measures aimed at addressing hyperinflation and economic volatility. By authorizing supplementary credit, the government sought to ensure liquidity for critical programs, navigating the complexities of public finance during a period of significant economic reform.

### Accessibility and Transparency
The law's availability on the Planalto government portal and its LexML registration demonstrate Brazil's commitment to legal transparency. This accessibility facilitates public scrutiny and academic analysis, situating Law No. 8566/1992 within the broader context of Brazilian legislative transparency initiatives, particularly in the digital age.

### Comparative Context
While specific comparisons to other laws are not provided in the source material, No. 8566/1992 fits within the standard framework of Brazilian budgetary laws. Such statutes typically follow a structure of authorizing credits, specifying allocations, and aligning with constitutional mandates for fiscal responsibility. This law's focus on supplementary credit reflects common legislative practices in addressing unforeseen fiscal needs or strategic economic interventions.

## References

1. [Source](https://www.lexml.gov.br/urn/urn:lex:br:federal:lei:1992-12-29;8566)
2. [Source](https://legislacao.presidencia.gov.br/atos?tipo=LEI&numero=8566&ano=1992&data=29/12/1992&ato=509cXQE50MFpWTff9)