Brazil : Technical Assistance Report-Supporting Implementation of the Expenditure Rule Through Public Financial Management Reforms
Author/Editor:
International Monetary Fund. Fiscal Affairs Dept.
Publication Date:
October 4, 2017
Electronic Access:
Free Full text (PDF file size is 2676 KB).Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Faced with significant economic and fiscal challenges, the Brazilian government is reforming its fiscal framework to promote fiscal sustainability and reduce debt. Since 2015, Brazil has struggled with its deepest economic recession in decades and ongoing political tensions. The fiscal situation has deteriorated sharply with a significant drop in revenues and debt increasing above the emerging market average. Within the past year, the government has made significant progress in reforming its fiscal framework. In late 2016, a new expenditure rule was established and a new IFI was created. Reforms are also ongoing in several areas, including a new public financial management (PFM) law currently with the legislature.
Series:
Country Report No. 17/292
English
Publication Date:
October 4, 2017
ISBN/ISSN:
9781484321218/1934-7685
Stock No:
1BRAEA2017004
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
61
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