Governança da sustentabilidade fiscalo caso do estado do Piauí no desenho e na implementação do marco fiscal de médio prazo

Resumo

This dissertation analyzes the design and implementation process of the Medium-Term Fiscal Framework (MTFF) in the State of Piauí, defined as a fiscal planning instrument that articulates macroeconomic forecasts, fiscal targets, and expenditure limits over a three- to five-year horizon. The focus lies on the transformation of the Fiscal Targets Annex (AMF), embedded within the Budget Guidelines Law (LDO), into a formal and structuring expression of the state’s fiscal policy. The study begins with a literature review on multi-year planning (PPA) and fiscal frameworks, highlighting their relevance to the sustainability of public finances and budget predictability. It then examines international experiences and the main challenges to the institutionalization of this type of instrument. Based on a case study, the dissertation describes the strategy adopted by the State of Piauí, including the mapping of macroprocesses, benchmarking, the design of the technical-operational model of the MTFF, and the legislative innovations introduced in the 2026 LDO. The results reveal significant advances in the structuring of macroeconomic and fiscal forecasts, the definition of binding targets, and integration with budget programming, although challenges remain in terms of institutional consolidation, technical capacity, and intergovernmental coordination. The dissertation concludes that repositioning the AMF as the formal expression of the MTFF represents a strategic step toward strengthening fiscal governance at the subnational level.

Ficha do documento

Tipo

Dissertação

Ano

2025

Instituição

Fundação Getulio Vargas

Fonte

Repositório da FGV

Idioma

Português

Acesso

Acesso aberto

Identificador

oai:repositorio.fgv.br:10438/37278

Temas

EconomiaFinanças PúblicasGovernançaMeio Ambiente

Palavras-chave

Planejamento plurianualDiretrizes orçamentáriasOrçamentoMarco Fiscal de Médio PrazoAnexo de Metas FiscaisSustentabilidade fiscalMultiannual planningBudget guidelinesBudgetingMedium-Term Fiscal FrameworkFiscal targets annexFiscal sustainabilityEconomiaPolítica tributária - PiauíFinanças públicasPlanejamento tributário