Brazil: Technical Assistance Report-Strengthening Fiscal Responsibility at the Subnational Level

September 1, 2020

Preview Citation

Format: Chicago

Brazil: Technical Assistance Report-Strengthening Fiscal Responsibility at the Subnational Level, (USA: International Monetary Fund, 2020) accessed December 21, 2024

Also available in: português

Summary

The fiscal challenges of Brazil’s states and municipalities can have a significant impact on the economy and the provision of core public services. The subnational governments (SNGs) account for a large share of public expenditures, including public investment. As such, their fiscal problems can hamper the economic recovery and the public finances of the federal government. In recent years, many states and municipalities have been struggling with high debt or severe liquidity pressures. Some have already defaulted on part of their debt and are running payment arrears (wages and suppliers). The federal government has already provided a substantial package of financial support through debt service relief.

Subject: Arrears, Asset and liability management, Debt limits, Expenditure, Fiscal policy, Fiscal rules, PFM legal and regulatory frameworks, Public financial management (PFM), Revenue administration

Keywords: Brazil Subnational government, Country, CR, Debt limits, Debt relief, Federal government, Fiscal rules, Government, Government debt, Government Finance Statistics Manual, Government mandate, Interest rate, ISCR, PFM legal and regulatory frameworks, Unpaid bill

Publication Details

Pages:

43
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/227
Stock No:

1BRAEA2020001
ISBN:

9781513551760
ISSN:

1934-7685

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