Suggestion of a new constitutional rule on state government debt

Resumo

I add to the discussion on the implementation of a debt management mechanism for state governments in Brazil, based on the most current scientific understanding of the dilemma between the importance of public debt and the concern about its size. The purpose is to make use of an appropriate and specific accounting and fiscal framework for these federative entities, aiming to derive an empirically testable theoretical equation, which allows me the proposition of a dynamic rule associating current debt and future surplus flow, under the premise that the debt is solvent. This new rule is applied for the years 2022 and 2023, subsidizing in practice the scientific discussion related to the definition of new legislation capable of promoting more well-founded, modern, and efficient monitoring of state government debt in Brazil.

Ficha do documento

Tipo

Artigo científico

Ano

2025

Instituição

EGV EPGE

Fonte

Revista Brasileira de Economia

Idioma

Português

Acesso

Não informado

Identificador

oai:ojs.periodicos.fgv.br:article/92762

Abrangência

Matos, P.; Matos, P.

Temas

Finanças Públicas

Palavras-chave

Scientific basisAccounting and tax frameworkSolvent debtDiscount factorDynamic equilibrium relationship between debt and surplusEndividamento solventeFator de descontoRelação dinâmica de equilíbrio entre dívida e superávitArcabouço contábilRegra FiscalFinanças Públicas