Compensações financeiras e royalties hidrelétricos na determinação do investimento público e das despesas sociais / Financial compensations and hydroelectric royalties in determining the public investment and social expenses

AUTOR(ES)
DATA DE PUBLICAÇÃO

2008

RESUMO

Considering the art. 20, 1st, of the Constituição Federal de 1988 and the Law no 2.004, October 03, 1953 that regulates and establishes compensatory payment for using the water resources and land flooding for the generation of electric power, this study was carried out to evaluate the effect of the "extra" financial resource financial compensations and hydroelectric royalties in either formation of the budget revenue and the determination of the public expenses in receiving counties at Minas Gerais State. To reach the objective under proposal, the determinants of the expanded expenses of the government and public county accounts were analyzed. The regressions with data panel were estimated for each of the municipal expenses under consideration (investment, housing and urbanization, health and sanitation, and education and culture), and proportion indexes and growth rates of expenses and incomes were calculated. In each function under estimation, the main sources of municipal income (compensatory resources, Municipal Participation Fund FPM, Taxes on Circulation of Goods and Services ICMS, Urban Territorial Property Tax IPTU, Any nature Service Tax ISS, and county taxes) served as explanatory variables. As it was expected, the results showed the availability of budget revenue is significant to determining the county public expenses. Especially for the counties in Minas Gerais State, that are benefited with hydroelectric compensatory resources, a great explanatory power of the financial payoffs and hydroelectric royalties on expansion of the county expense in local infrastructure were confirmed. This was apprehended mainly by the elasticities of the functions estimated for the investment (0.21), for expenses with housing and urbanization (0.10) and for expenses with health and sanitation (0.01).

ASSUNTO(S)

county public expenses expansão do gasto público municipal royalties hidrelétricos hydroelectric royalties compensações financeiras hidrelétricas hydroelectric financial compensations financas publicas internas determinantes do gasto público municipal

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