The normative aspects of the brazilian public debt

• Published in: Independent Journal of Management & Production Vol. 7; no. 4; pp. 1168 - 1182
• Main Authors: Araújo, Marcelo Bernardino, Borges, Alex, Vendramin Junior, Vilson
• Format: Journal Article
• Language: English
• Published: Sao Paulo Independent Journal of Management & Production, I J M & P 01.12.2016
• Subjects: Accounting periods; Brazilian finance; Budgets; Current liabilities; Debt; Debt management; Efficiency; Eurozone; Expenditures; Fiscal responsibility law; GDP; Gross Domestic Product; Interest rates; Law; National debt; Public debt; Public indebtedness; Public responsibility legal act; Tax increases; Taxes; Brazil
• ISSN: 2236-269X; 2236-269X
• DOI: 10.14807/ijmp.v7i4.477

[...]to receive the seal of legitimacy, plans, budgets, laws of budgetary guidelines, benefits accounts, containing the previous opinion, the summarized report on budget implementation and reporting of fiscal management, including simplified versions should be widely reported by official media and other information vehicles, encouraging the popular action through the holding of public hearings, especially in the phases of preparation and discussion of the plans, the LDO and budgets (TOLOSA FILHO, 2000). The LRF also reacts to electoral periods, as it defines rules disciplining the public manager expenses during this period and it not allows the candidate to create future unpayable debts. [...]the main limitations to the LFR are: limiting the personnel expenses (one of the biggest expenditures on the public budget) and the limitation for public debts (conditioning the federal entities maintain the debt based on the net current revenue).