Brazil : Technical Assistance Report-Strengthening Fiscal Responsibility at the Subnational Level

Author/Editor:

International Monetary Fund. Fiscal Affairs Dept.

Publication Date:

September 1, 2020

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

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.

Series:

Country Report No. 2020/227

Frequency:

regular

English

Publication Date:

September 1, 2020

ISBN/ISSN:

9781513551760/1934-7685

Stock No:

1BRAEA2020001

Format:

Paper

Pages:

43

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