Description: Brazil - Improving Fiscal Circumstances for Growth : Volume 1. Stylized Facts and Recommendations

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Brazil - Improving Fiscal Circumstances for Growth : Volume 1. Stylized Facts and Recommendations

This document is part of a series of reports by the World Bank on Brazil's potential to foment more robust economic growth and reduce poverty and inequality. The main focus of this report is on the interrelated fiscal circumstances facing Braz...

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Bibliographic Details
Main Author:	World Bank
Language:	English en_US
Published:	Washington, DC 2012
Subjects:	AGGREGATE DEMAND ANNUAL AVERAGE RATE ANNUAL BUDGET ANNUAL BUDGETS BASIC EDUCATION BENEFICIARIES BUDGET BUDGET CYCLE BUDGET LAW BUDGET PROCESS BUDGET PROPOSAL CAPITAL ACCUMULATION CAPITAL MARKETS CASH FLOWS CENTRAL BANK CENTRAL GOVERNMENT CENTRAL GOVERNMENT INVESTMENT CIVIL SERVANTS COMPOSITION OF PUBLIC SPENDING CONTINGENT LIABILITIES CORPORATE INCOME TAXES DEBT DEBT BURDEN DEBT CRISES DEBT SERVICE DEBT SERVICING DECENTRALIZATION DEFICITS DOMESTIC DEBT ECONOMETRIC ANALYSIS ECONOMIC GROWTH ENTITLEMENTS EVASION EXPENDITURE ALLOCATIONS EXPENDITURE MANAGEMENT EXPENDITURE MANAGEMENT CYCLE EXPENDITURES FEDERAL BUDGET FEDERAL FUNDS FINANCIAL CORPORATIONS FINANCIAL MANAGEMENT FINANCIAL MARKET FINANCIAL MARKETS FINANCIAL OPERATIONS FINANCIAL PUBLIC CORPORATIONS FINANCIAL SECTOR FINANCIAL SYSTEM FINANCIAL TRANSACTIONS FISCAL ACCOUNTS FISCAL ACTIVITIES FISCAL ADJUSTMENT FISCAL CONSTRAINT FISCAL CONSTRAINTS FISCAL DEFICITS FISCAL HEALTH FISCAL OPERATIONS FISCAL POLICY FISCAL POSITION FISCAL PRESSURES FISCAL SURPLUS FISCAL TARGET FISCAL TARGETS GDP GOVERNMENT CONSUMPTION GOVERNMENT FINANCE GOVERNMENT FINANCE STATISTICS GOVERNMENT SPENDING GOVERNMENT SUBSIDIES GROSS DOMESTIC PRODUCT HEALTH EXPENDITURES HEALTH SECTOR HEALTH SPENDING INCOME INCOME TAX INFLATION INFRASTRUCTURE INVESTMENT INFRASTRUCTURE SECTOR INSTITUTIONAL ARRANGEMENTS INTEREST PAYMENTS INTEREST RATE INTEREST RATES INTERNATIONAL MONETARY FUND INVESTMENT MANDATORY SPENDING MEDIUM-TERM FISCAL FRAMEWORK MEDIUM-TERM FRAMEWORK MIDDLE INCOME COUNTRY MUNICIPAL GOVERNMENTS MUNICIPALITIES NATIONAL BANK NATIONAL DEVELOPMENT NATIONAL GOVERNMENT NATIONAL GOVERNMENTS NET BORROWING ORGANIZATIONAL REFORM ORGANIZATIONAL STRUCTURES PERFORMANCE INDICATORS POLICY DECISIONS POVERTY REDUCTION PRIVATE INVESTMENT PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PROGRAMS PUBLIC PUBLIC CORPORATIONS PUBLIC DEBT PUBLIC ENTERPRISES PUBLIC EXPENDITURE PUBLIC INFRASTRUCTURE PUBLIC INVESTMENT PUBLIC INVESTMENT SPENDING PUBLIC INVESTMENTS PUBLIC LIABILITIES PUBLIC POLICY PUBLIC SECTOR PUBLIC SECTOR DEBT PUBLIC SECTOR DEFICITS PUBLIC SECTOR EXPENDITURE PUBLIC SECTOR MANAGEMENT PUBLIC SECTOR SPENDING PUBLIC SERVANTS PUBLIC SERVICES PUBLIC SPENDING REAL ECONOMIC GROWTH REAL TERMS REALLOCATIONS RESOURCE MANAGEMENT REVENUE COLLECTION REVENUE EARMARKING ROAD TRANSPORT RURAL PROPERTY SECTOR POLICIES SOCIAL ASSISTANCE SOCIAL CONTRIBUTIONS SOCIAL PROTECTION SOCIAL SECURITY SOCIAL SECURITY SCHEME SOCIAL SECURITY SPENDING SOCIAL SERVICES SPENDING LEVELS STRUCTURAL REFORMS SUB-NATIONAL GOVERNMENTS TAX TAX BASE TAX BURDEN TAX COLLECTION TAX CREDITS TAX EVASION TAX EXPENDITURE TAX EXPENDITURES TAX RATE TAX REVENUE TAXATION TOTAL EXPENDITURE TOTAL PUBLIC SPENDING TOTAL REVENUE WAGES
Online Access:	http://documents.worldbank.org/curated/en/2007/03/7471277/brazil-improving-fiscal-circumstances-growth-vol-1-2-stylized-facts-recommendations http://hdl.handle.net/10986/8002

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Summary:	This document is part of a series of reports by the World Bank on Brazil's potential to foment more robust economic growth and reduce poverty and inequality. The main focus of this report is on the interrelated fiscal circumstances facing Brazil, with an emphasis on public sector spending. The report is divided into two volumes. This first volume distills the essential stylized facts (that are described in detail in volume two) and focuses on key recommendations (discussed in detail in Chapter 5 of the second volume). These recommendations highlight not only areas where improvements could be achieved, but also suggest options on how to go about implementing such modifications, based in part on international experience. The second volume of the report contains: more detail on these stylized facts; a first attempt to compile data for the entire non-financial public sector; quantitative analysis of the fiscal impacts on growth using a dynamic general equilibrium model and a simulation based on that model; specific examples of key budget rigidities; and, as an example, a review of road transport spending with a view to strengthening the impacts of this infrastructure spending. Other related World Bank reports concentrate on social security, health, financial markets, infrastructure, poverty, and the issues surrounding the monitoring and evaluation of public sector services in general. Volume one of this report also reflects some of the preliminary findings in these other reports.