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Title: A sustentabilidade fiscal dos estados brasileiros: análise recente e notas para o futuro
Authors: Horta, Guilherme Tinoco de Lima
Keywords: Finanças públicas - Brasil
Finance, Public - Brazil
Banco Nacional de Desenvolvimento Econômico e Social (Brasil) - Financiamento
Brazilian Development Bank - Financing
Administração estadual - Brasil
State governments - Brazil
Dívida pública - Brasil
Debts, Public - Brazil
Dívidas - Renegociação
Debt relief
Responsabilidade fiscal - Brasil
Fiscal responsability - Brazil
Reforma tributária - Brasil
Taxation - Brazil
Reforma previdenciária
Social security reform
Issue Date: Dec-2018
Publisher: Banco Nacional de Desenvolvimento Econômico e Social
Abstract: After years of relative tranquility, the situation of Brazilian states has recently become critical. The significant worsening of fiscal results has led many of them to a situation of semi-bankruptcy, with interruption of public services and delay in the payment of salaries and pensions. In this context this article seeks to analyze the financial situation of Brazilian states. For this, a general view is presented since the renegotiation of debt with the Central Government in 1997, when we describe the main fiscal variables since then. We also discuss the institutional framework, listing some improvements that should be adopted. For the perspectives ahead, we run simulations for the future fiscal outcomes, which allowed us to conclude that current expenditures must be controlled and the pension reform must be implemented. Even so, the debt repayment needs in the coming years will bring difficulties for the states, showing that the reform agenda still has a long way to go.
Other Identifiers: HORTA, Guilherme Tinoco de Lima. A sustentabilidade fiscal dos estados brasileiros: análise recente e notas para o futuro = The fiscal sustainability of Brazilian states: current situation and perspective ahead. Revista do BNDES, Rio de Janeiro, v. 28, n. 50, ed. esp. p. [299]-344, dez. 2018.
Appears in Collections:Produção BNDES - Artigos

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