TEN YEARS OF FISCAL RESPONSIBILITY: A STUDY OF EVOLUTION IN THE PUBLIC DEBT OF THE PREFECTURE OF RECIFE

• Autor(a) principal: Silva, Sheila Messias da
• Data de Publicação: 2012
• Outros Autores: Lopes, Jorge Expedito de Gusmão, Pederneiras, Marcleide Maria Macêdo, Paulo, Edilson
• Tipo de documento: Artigo
• Idioma: por
• Título da fonte: Revista Ambiente Contábil
• Texto Completo: https://periodicos.ufrn.br/ambiente/article/view/2136

The Fiscal Responsibility Law limits were set for some expenses, such as with labor expenses and for public debt, has determined that they were created targets to control revenue and expenditure, focused on the actions of governor in transparency and equilibrium of the public accounts. This article aims to analyze how behaved the indebtedness of the city of Recife (Brazil) against obedience to the Law of Fiscal Responsibility, ten years ago after the edition of the law. Therefore the research was performed by using the deductive method, the descriptive and explanatory, through techniques of bibliographic and documentary research. The study analyzed the financial statements of the municipal entity, required by Brazilian Law no. 4,320/1964 and Brazilian Complement Law no. 101/2000, available reports on the internet. The results show that the municipal debt has remained constant throughout the series studied. It was also noted that there were no significant changes, therefore, both the ratio of net current revenues (RCL) with credit operations, as well as in relation to the compromising of RCL in amount of the payment of debt service and their amortization, did not exceed the limit established in present legislation and that the increase of net current income may have given a reduction in the dependence of third party funding for investments. Keywords: Debt. Fiscal Responsibility Law. Municipal revenue. City of Recife.