Abstract
This paper aims to analyze the dynamics of alagoas public debt in the period 1997-2020, considering the effort to comply with contractual clauses in the face of low fiscal collection capacity and clearly fragile social and economic structures. The starting point is the federative pact signed in the 1990s, under the protection of Law No. 9,496/97 and, later, complementary laws 148/2014 and 156/2016. The research is based on data provided by the State Department of Finance of Alagoas (SEFAZ), database of the Brazilian Institute of Geography and Statistics (IBGE) and specific bibliographic research. The objective is, in the light of a critical analysis, to unveil the public indebtedness of Alagoas, submerged in long-term contracts, updated by inflationary indices, interest rates and exchange rate variations, throughout the analyzed period.
Highlights
Despite the laws favorable to the conditions of amortization of public debt of Alagoas, the State did not revert these advantages in favor of advances in social or economic indicators, on the contrary, it held new debt contracts, so that the debt stock, in 2020 (R$ 9.6 billion at current prices), was only 11% lower than the stock of 2016 (R$ 10.8 billion, 2020, updated by the Broad Consumer Price Index (IPCA)
This paper aims to analyze the dynamics of alagoas public debt in the period 1997-2020, considering the effort to comply with contractual clauses in the face of low fiscal collection capacity and clearly fragile social and economic structures
Disponível em: Alagoas - Bolsa Família e Cadastro Único - Resumido (mds.gov.br), 29/07/2021
Summary
A deterioração das finanças públicas enfrentada por estados e municípios culminou com expansão do grau de endividamento e criação da Lei n° 9.496/97, criando o Programa de Apoio à Reestruturação e ao Ajuste Fiscal de Estados, cujo propósito foi dar à União condição de intervir junto a Estados e Distrito Federal, com vistas à recuperação das finanças públicas dos entes federativos e da economia nacional. A mudança favoreceu os entes federativos, redefinindo os termos de renegociação de suas dívidas junto à União, permitindo um aditivo com prazo adicional de 20 anos, descontos nas parcelas até julho de 2018 e alteração na forma de pagamento, não mais limitada a um percentual sobre a RLR, passando a ser paga por meio tabela Price (STN, 2019).
Sign-in/Register to view highlights & summary Sign-in/Register to access full text options 
Free) 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a call
