Cover IMF Staff Country Reports
Brazil: Technical Assistance Report-Strengthening Fiscal Responsibility at the Subnational Level
Author:
International Monetary Fund. Fiscal Affairs Dept.
Search for other papers by International Monetary Fund. Fiscal Affairs Dept. in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2020: Issue 227
Language:
English
Publication Date:
01 Sep 2020
DOI:
https://doi.org/10.5089/9781513551760.002
ISBN:
9781513551760
ISSN:
1934-7685
Pages:
43
Keywords:
ISCR; CR; government; government Finance Statistics Manual; government mandate; country; government debt; unpaid bill; federal government; Brazil Subnational government; interest rate; debt relief; Fiscal rules; PFM legal and regulatory frameworks; Debt limits
Download PDF (1.4 MB) Download Epub
The fiscal challenges of Brazil’s states and municipalities can have a significant impact on the economy and the provision of core public services. The subnational governments (SNGs) account for a large share of public expenditures, including public investment. As such, their fiscal problems can hamper the economic recovery and the public finances of the federal government. In recent years, many states and municipalities have been struggling with high debt or severe liquidity pressures. Some have already defaulted on part of their debt and are running payment arrears (wages and suppliers). The federal government has already provided a substantial package of financial support through debt service relief.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2020: Issue 227