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The fiscal management of the state of Rio de Janeiro: An analysis in light of the fiscal responsibility law and debt sustainability in the period from 2001 to 2017

机译:里约热内卢州的财政管理:根据2001年至2017年的财政责任法和债务可持续性进行分析

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The aim of this research is to verify the role of the fiscal responsibility law (FRL) in the dynamics of the fiscal management of Rio de Janeiro, and in the sustainability of the state’s public debt in the period from 2001 to 2017. It was observed that Legislation limits were extrapolated, and concomitantly, the decrease in GDP, the rise in interest rates and the continuous primary deficits from 2012, triggered a serious mismatch of public accounts. It is concluded that, although the FRL played a disciplinary role in the management of the state of Rio de Janeiro’s finances until mid-2012, the legislation did not limit the mismanagement of resources and was not enough to avoid the fiscal unsustainability installed in the state from 2014.
机译:这项研究的目的是验证财政责任法(FRL)在里约热内卢的财政管理动态中以及在2001年至2017年期间该州公共债务的可持续性中的作用。推论出立法限制,随之而来的是GDP下降,利率上升以及2012年以来的持续主要赤字,引发了公共账户的严重失衡。结论是,尽管联邦RLL在里约热内卢州的财务管理中起到了纪律作用,直到2012年年中,但该立法并没有限制资源管理不善,也不足以避免该州设置的财政不可持续性。从2014年开始。

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