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Title: Fundo de Amparo ao Trabalhador (FAT): breve histórico, condições atuais e perspectivas
Authors: Horta, Guilherme Tinoco de Lima
Borça Junior, Gilberto Rodrigues
Macedo, Henrique Fernandes
Keywords: Fundo de Amparo ao Trabalhador
Banco Nacional de Desenvolvimento Econômico e Social (Brasil)
Brazilian Development Bank
Fundo de Amparo ao Trabalhador - Previsão
Fundo de Amparo ao Trabalhador - Forecasting
Finanças públicas - Brasil
Finance, Public - Brazil
Política tributária - Brasil
Fiscal policy - Brazil
Programas de sustentação de renda
Income maintenance programs
Issue Date: Dec-2018
Publisher: Banco Nacional de Desenvolvimento Econômico e Social
Abstract: The Workers’ Assistance Fund (FAT) has rapidly turned into the main source of funding for BNDES since its creation. Its share on the Bank liabilities has peaked to 60% in 2007 and start to decrease just because of the massive amount of funding provided by the National Treasury from 2007 to 2014. As BNDES pays this funding back, however, the FAT will soon take the position of BNDES main source of funding again. Nevertheless, the FAT financial conditions raise concerns as it has run deficits almost uninterruptedly since 2009. This article aims to contribute in this discussion. First, we present the historical background, the main characteristics and the actual financial conditions of the FAT. Then we simulate the financial results on four different scenarios in order to assess the financial sustainability of the fund in the medium and long-term. The main conclusion is that fiscal reforms on the unemployment insurance and other expenditures are needed in order to assure the FAT financial sustainability in the coming years.
Other Identifiers: HORTA, Guilherme Tinoco de Lima; BORÇA JUNIOR, Gilberto Rodrigues; MACEDO, Henrique Fernandes. Fundo de Amparo ao Trabalhador (FAT): breve histórico, condições atuais e perspectivas = Workers’ Assistance Fund (FAT): a comprehensive outlook. Revista do BNDES, Rio de Janeiro, v. 28, n. 50, ed. esp. p. [139]-202, dez. 2018.
Appears in Collections:Produção BNDES - Artigos

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