THE NORMATIVE ASPECTS OF THE BRAZILIAN PUBLIC DEBT
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| Format: | Artículo científico |
| Sprache: | en |
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Instituto Federal de Educação, Ciência e Tecnologia de São Paulo
2016
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| _version_ | 1876435079499087872 |
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| author | Marcelo Bernardino Araújo |
| author_facet | Marcelo Bernardino Araújo |
| contents | THE NORMATIVE ASPECTS OF THE BRAZILIAN PUBLIC DEBT Marcelo Bernardino Araújo Alex Borges Vilson Vendramin Junior Anisio Candido Pereira Administración y Contabilidad Public debt Brazilian finance Public indebtedness Gross domestic product Fiscal responsibility law The purpose of this paper is to present the normative acts about the public debt, specifically the Brazil Public Responsibility Law that was issued as an enforcement mechanism , as well as to discipline public planning and expenditure, providing tools to penalize public managers. The study aims to interpret the current legislation about governmental budget by analyzing regulations. We pointed that Brazil ended 2015 with a debt comprising 66.23% of its GDP. Thus, it requires attention of public managers, once there are legal limits for public indebtedness for Municipalities and States, but not for the Federal Government. The methodology known as indirect documentation was applied as a theoretical foundation i.e. bibliographic research. For the general review were used secondary data available in books, specialized websites and laws and regulations. In Romania, the indebtedness level represented 39.6% of the GDP in 2014, in Brazil 57.19%. The Treaty of Maastricht in 1992, stipulated the limit of 60% of the GDP for the Euro Zone countries. Nevertheless, the debt represented 91.9% of the GDP, especially due to Greece, Italy, Portugal, Spain and France. The Brazilian F iscal Responsibility Law has been developed from the experience of the tax laws of the United States and New Zealand. It is a reinterpretation of the applicable rules the Brazilian public debt compared with the limits set for the countries of the eurozone. Debt control is essential to maintain the level of investment in a country. A sharp increase harm its credibility in the market. 2016 artículo científico 2236-269X https://www.redalyc.org/articulo.oa?id=449549377010 en http://www.redalyc.org/revista.oa?id=4495 Independent Journal of Management & Production application/pdf Instituto Federal de Educação, Ciência e Tecnologia de São Paulo Independent Journal of Management & Production (Brasil) Num.4 Vol.7 |
| format | Artículo científico |
| id | redalyc_449549377010 |
| institution | Redalyc |
| language | en |
| publishDate | 2016 |
| publisher | Instituto Federal de Educação, Ciência e Tecnologia de São Paulo |
| spellingShingle | THE NORMATIVE ASPECTS OF THE BRAZILIAN PUBLIC DEBT Marcelo Bernardino Araújo Administración y Contabilidad Public debt Brazilian finance Public indebtedness Gross domestic product Fiscal responsibility law THE NORMATIVE ASPECTS OF THE BRAZILIAN PUBLIC DEBT Marcelo Bernardino Araújo Alex Borges Vilson Vendramin Junior Anisio Candido Pereira Administración y Contabilidad Public debt Brazilian finance Public indebtedness Gross domestic product Fiscal responsibility law The purpose of this paper is to present the normative acts about the public debt, specifically the Brazil Public Responsibility Law that was issued as an enforcement mechanism , as well as to discipline public planning and expenditure, providing tools to penalize public managers. The study aims to interpret the current legislation about governmental budget by analyzing regulations. We pointed that Brazil ended 2015 with a debt comprising 66.23% of its GDP. Thus, it requires attention of public managers, once there are legal limits for public indebtedness for Municipalities and States, but not for the Federal Government. The methodology known as indirect documentation was applied as a theoretical foundation i.e. bibliographic research. For the general review were used secondary data available in books, specialized websites and laws and regulations. In Romania, the indebtedness level represented 39.6% of the GDP in 2014, in Brazil 57.19%. The Treaty of Maastricht in 1992, stipulated the limit of 60% of the GDP for the Euro Zone countries. Nevertheless, the debt represented 91.9% of the GDP, especially due to Greece, Italy, Portugal, Spain and France. The Brazilian F iscal Responsibility Law has been developed from the experience of the tax laws of the United States and New Zealand. It is a reinterpretation of the applicable rules the Brazilian public debt compared with the limits set for the countries of the eurozone. Debt control is essential to maintain the level of investment in a country. A sharp increase harm its credibility in the market. 2016 artículo científico 2236-269X https://www.redalyc.org/articulo.oa?id=449549377010 en http://www.redalyc.org/revista.oa?id=4495 Independent Journal of Management & Production application/pdf Instituto Federal de Educação, Ciência e Tecnologia de São Paulo Independent Journal of Management & Production (Brasil) Num.4 Vol.7 |
| title | THE NORMATIVE ASPECTS OF THE BRAZILIAN PUBLIC DEBT |
| topic | Administración y Contabilidad Public debt Brazilian finance Public indebtedness Gross domestic product Fiscal responsibility law |
| url | https://www.redalyc.org/articulo.oa?id=449549377010 |