Análise comparativa das finanças públicas do estado do Ceará com os demais estados brasileiros

Abstract

After the macroeconomic fiscal shock of 2014, several states had problems to avoid fiscal calamity in order to escape the punishments of the Fiscal Responsibility Law. The justification for this work is corroborated by the intense economic debate about fiscal adjustment and its consequences. The states with better fiscal management in the past, such as the State of Ceará, are in a privileged position, since their low level of indebtedness and high level of savings can keep governments in solvency. The purpose of this paper is to give a brief analysis of the main determinants of the public budget in the state of Ceará's finances compared to the other 26 Federative Units, highlighting the states that conducted good economic indicators and those that presented below-satisfactory fiscal management. This work was carried out by means of a predominantly quantitative nature, and the analysis of the behavior of Brazilian public finances was done through the use of secondary data extracted from the FINBRA database. In an attempt to capture the effects of the crisis of 2014 and its impacts on state finances, several income and expenditure indicators were analyzed. The work showed that the crisis is felt differently, given regional, economic and good fiscal governance characteristics. States that presented good fiscal management, were better prepared to overcome the crisis, in case of the State of Ceará. On the other hand, state that abused public policies ungoverned, had their public accounts compromised, like Rio Grande do Sul, Minais Gerais and, mainly, Rio de Janeiro.