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Constitutional Minimum Cost of Existence (CCME) · Constitutional Continuity Fund (FCC)

Financial continuity

The proposed Constitution creates mechanisms so that a cash, revenue, supplier or financing crisis does not shut down essential constitutional functions. Continuity does not mean unlimited spending: there are priorities, funds, tests, controls, risk bands and, only as a last resort, a strictly conditioned monetary facility.

Constitutional proposal · not promulgatedNo presumed external convertibilityGOV informs · OS provides access · Sistema Candeia executes when active
24 monthsFuture constitutional FCC coverage target relative to the CCME; it does not represent an existing reserve today.
6 monthsFuture constitutional target for highly liquid, low-risk assets; it does not represent a capitalised fund today.
5 yearsHorizon provided for the Medium-Term Fiscal Plan.
Constitutional basisArts. 295–313
Current stateProposed constitutional mechanisms; funds, coverage and facilities will exist only once formally constituted and backed by real resources.
CriterionContinuity without a blank cheque
OperationCandeia OS → competent module when a real act exists
Today · funds not yet capitalised

Financial-continuity mechanisms are provided for in the proposal, but no fund, coverage or facility is presented as capitalised and available today.

When the continuity mechanisms are constituted

Currency and public finances will depend on the promulgated Constitution, the relevant organic laws, the establishment of institutions, technical controls and official data from the competent source. GOV remains the public layer; the person operates through Candeia OS and execution occurs in the competent modules of Sistema Candeia.

In brief

CCME

Minimum cost of the State

Measures the annual core required to maintain indispensable functions.

FCC

Future constitutional target: 24 months of CCME

Future constitutional target: at least 6 months in highly liquid, low-risk assets. This does not represent a capitalised fund today and depends on real capitalisation.

Constitutional Survival Block

State + person + democracy

Protects records, Justice, infrastructure, the existential minimum and elections when due.

Last continuity

Exceptional, not ordinary, credit

The Central Bank may support the Treasury only under strict constitutional bands, quorums and safeguards.

How it works

1Use ordinary resources

Cash, lawful reallocation, sustainable credit and available funds come first.

2Activate fiscal continuity

The FCC and continuity plans preserve essential functions subject to controls.

3Apply extraordinary bands

If necessary, the Last Continuity Facility requires increasing authorisations as exposure rises.

4Exit the crisis

An amortisation, replenishment and return-to-normality plan prevents an emergency from becoming permanent financing.

Limits and what this page does not do

  • The FCC does not exist by declaration: it needs real, accessible assets.
  • The Facility does not finance a new programme, campaign, electoral subsidy or shareholder bailout.
  • The Central Bank may refuse credit that creates a material risk of monetary or payment-system collapse.
  • Scarcity does not create unlimited emergency power.
What this means for you

Continuity protects the core of the State and people without forcing the Central Bank to destroy its own currency to finance any fiscal demand.

Related pages

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