This article intends to analyze the legal qualification of public expenditure in the Brazilian budgetary system, considering the preeminent investments to be done in a relatively short time for important events, such as the World Cup and the Olympic Games. We highlight therefore that the...

This paper presents the origins, actual situation and future perspectives about the whole of public sector accounts (WPSA) in Brazil. We collected evidences from financial reports and regulation, and aiming to capture the implementation process path we interviewed technicians from the National...

Brazilian governmental accounting is affected by two reform processes: the implementation of accrual accounting and convergence with the International Public Sector Accounting Standards (IPSAS). This paper analyses the origins, the process and preliminary outcomes of such reforms. In order to...

This paper examines how Brazil's government interventions, via economic policy affects the total factor productivity (TFP) and the industrial production growth rate in the period of 1998:4 to 2012:1. The study uses nine indicators of economic policy and the empirical results show that high...

This book presents several microsimulation models that can be used to assess the welfare consequences of a number of policy reforms in five countries: Brazil, Chile, Guatemala, Mexico and Uruguay. By using micro data from national surveys, the models not only characterize the population on the...

This paper estimates the primary structural budget balance (eliminating the effects due to cyclical fluctuations in GDP and oil price) for the central government and public administrations from 1997 to the second quarter of 2010. Some adjustments were made on the IMF methodology to account for...

This paper analyzes federal transfers to not-for-profit organizations (NPOs) in the past twelve years in Brazil. We analyze four points: i) the variations in terms of absolute amount of resources transferred to NPOs from the federal government; ii) the proportion of NPOs transfers relatively to...

Brazil's fiscal adjustment since the floating of the real in 1999 has been impressive, even in periods of lacklustre growth. This suggests a remarkable fiscal effort to ensure public debt sustainability. To better gauge the magnitude of this adjustment effort, this paper applies the methodology...

This paper aims at an analysis of federal public debt?s (FPD) effects upon management on public sector liquid debt (PSLD) and on public sector borrowing requirements (PSBR), during the period 1995/99 in Brazil. In order to do that, the theoretical basis of FPD management is determined through...

Brazil's fiscal adjustment since the floating of the real in 1999 has been impressive, even in periods of lacklustre growth. This suggests a remarkable fiscal effort to ensure public debt sustainability. To better gauge the magnitude of this adjustment effort, this paper applies the methodology...