@misc{11818,
title = {Preconditions for Establishing Structural Fiscal Balances in Latin America and the Caribbean: The Case of Brazil},
author = {Levy, Paulo},
year = {2013},
doi = {10.18235/0006964},
abstract = {Fiscal policy has been at the center of Brazil's economic dynamics and performance for more than 30 years. In this line, the approval and implementation of a Fiscal Responsibility Law in 2000 was a key step in supporting fiscal sustainability and the transparency of fiscal accounts. Despite these improvements, removing the uncertainties and addressing the imbalances that still persist in fiscal policy-a long-term trend of rising expenditures and tax burden-will be a crucial step when considering further modifications to the current framework, especially regarding the introduction of a structural fiscal balance rule.},
url = {https://doi.org/10.18235/0006964}
}