O Regime Fiscal e Investimento Público no Brasil / The Fiscal Regim and the Public Investment in the Brazilian Economy

AUTOR(ES)

Dall'Acqua, Fernando Maida

DATA DE PUBLICAÇÃO

24/11/2005

RESUMO

The purpose of this report is to investigate the relationship between the sustainability of the fiscal regime and the public investment in the Brazilian economy. Given the actual macro economic conditions, the primary balance of the public sector represents the critical variable to the sustainability of the fiscal equilibrium . Because the capacity of the public sector to generate fiscal surplus is limited by the legally mandatory expenditure , the federal government used its discretionary fiscal policy mainly to comprise public investment The study will compare the nature of the fiscal adjustment of the second mandate of Fernando Henrique Cardoso and the first two years of the Lula government focusing on (i) the trend and composition of both public expenditure and tax revenue in these two periods and (ii) an apparent 'lost opportunity' of both governments to promote an increase of public investment independently of any increase in the tax burden.

ASSUNTO(S)

ajuste fiscal investimento público despesas públicas contas públicas

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