O regime fiscal e investimento público no Brasil

• Autor(a) principal: Dall'Acqua, Fernando Maida
• Data de Publicação: 2005
• Tipo de documento: Relatório
• Idioma: por
• Título da fonte: Repositório Institucional do FGV (FGV Repositório Digital)
• Texto Completo: http://hdl.handle.net/10438/3156
• topic: Ajuste fiscal; Contas públicas; Despesas públicas; Investimento público; Administração de empresas; Tributos; Superavit (Contabilidade)

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.