Brazil - Improving Fiscal Circumstances for Growth

Fiscal circumstances in Brazil are a key constraint to faster and more robust economic growth. In part, this is due to accumulated public sector deficits in earlier periods that are represented in Brazil's persistently high net public sector debt (currently about 50 percent of GDP). During the 1980s and mid-1990s high debt was associated with debt crises and hyperinflation. Budget rigidity, especially revenue earmarking, restricts policy action to resolve the fiscal conundrum.

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Bibliographic Details
Main Authors: Weisman, Ethan, Blanco, Fernando
Format: Brief biblioteca
Language:English
Published: World Bank, Washington, DC 2007-03
Subjects:ACCUMULATION OF DEBT, ADMINISTRATIVE REFORMS, BALANCE SHEET, BORROWING, BUDGET LAW, BUDGET PROCESS, BUDGETING, CAPITAL ACCUMULATION, CAPITAL MARKETS, CAPITAL SUBSIDIES, CONTINGENT LIABILITIES, CONTRIBUTIONS, CORPORATE INCOME TAXES, DEBT, DEBT ACCUMULATION, DEBT CRISES, DEBT REDUCTION, DEBT SERVICING, DEBT STOCK, DISABILITY, DOMESTIC DEBT, DOMESTIC FINANCIAL MARKET, EARLY RETIREMENT, EVASION, EXPENDITURES, FINANCE EDUCATION, FINANCIAL MANAGEMENT, FINANCIAL MARKET, FISCAL ADJUSTMENT, FISCAL CONSTRAINT, FISCAL CONSTRAINTS, FISCAL DEFICITS, FISCAL SURPLUS, GOVERNMENT CONSUMPTION, GOVERNMENT SPENDING, GOVERNMENT SUBSIDIES, HEALTH SPENDING, HUMAN RESOURCE, INCOME, INCOME TAXES, INCOMES, INDEBTEDNESS, INFLATION, INFRASTRUCTURE INVESTMENT, INSTITUTIONAL CAPACITIES, INSTRUMENT, INTEREST PAYMENTS, INTEREST RATES, INVESTMENT STRATEGY, MINIMUM WAGE, MINIMUM WAGES, MUNICIPALITIES, NATIONAL GOVERNMENTS, PENSION, PENSION BENEFITS, PENSION REFORMS, PENSION SPENDING, PENSION SYSTEM, PENSIONERS, PORTFOLIO, PRIVATE CAPITAL, PRIVATE INVESTMENT, PRIVATE SECTOR, PRIVATE SECTOR INVESTMENT, PRIVATIZATION, PUBLIC, PUBLIC DEBT, PUBLIC EXPENDITURE, PUBLIC INVESTMENT, PUBLIC INVESTMENTS, PUBLIC SECTOR, PUBLIC SECTOR DEBT, PUBLIC SECTOR DEFICITS, PUBLIC SECTOR MANAGEMENT, PUBLIC SERVANTS, PUBLIC SPENDING, REAL ECONOMIC GROWTH, REAL TERMS, RESOURCE MANAGEMENT, RETIREMENT, RETIREMENT AGE, RETIREMENT BENEFITS, SALARIES, SOCIAL ASSISTANCE, SOCIAL PROTECTION, SOCIAL SECURITY, SOCIAL SECURITY BENEFITS, SOCIAL SECURITY SPENDING, SOCIAL SERVICES, TAX, TAX BURDEN, TAX REVENUE, TAXATION, WELFARE STATES,
Online Access:http://documents.worldbank.org/curated/en/2007/03/8209927/brazil-improving-fiscal-circumstances-growth
http://hdl.handle.net/10986/10298
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