HONORIO, E. G.; http://lattes.cnpq.br/7955996324840418; HONÓRIO, Eduardo Guilherme.
Résumé:
The pressure on public spending following the redemocratization of the country due to the transfer of competences promoted by the Federal Constitution of 1988 (CF / 1988) and the lack of legal mechanisms and experience in fiscal control caused a succession of primary deficits that resulted in fiery trajectory of the debts of the Brazilian states. The result has been the unbalanced growth of regional public net debt in recent decades. Within this context, this paper aims to analyze the current level of indebtedness of the Brazilian states and their ability to repay, by comparing Consolidated Debt (DC) and Net Current Revenue (RCL). The choice of the theme is based on the relevance of fiscal balance as a mechanism for preserving the capacity to perform the basic functions of the public sector. Methodologically, the study materialized as descriptive, exploratory, bibliographic and documentary (based on the National Treasury Subnational Treasury Finance Bulletin). The results, in turn, showed that most Brazilian states are currently in debt, even with a tendency towards debt progressivity. As a concluding note, it is verified that the economic situation is not decisive for the level of indebtedness of the states, since most of the allocated states in the Southeast region are rated C (poor solvency pattern) and the northeastern states rated. A and B (good and regular patterns, respectively).
