STATE'S PUBLIC DEBT AND ITS FEDERATIVE CONTRADICTIONS: AN ANALYSIS FOR THE BRAZILIAN STATES OF PARÁ, AMAZONAS AND MATO GROSSO ON THE 2000 – 2012 PERIOD

Abstract

This present paper deals on the indebtedness' pattern and the investment conditions of the three majors Brazilian States in the area understood as Legal Amazon: Pará (PA), Amazonas (AM) and Mato Grosso (MT). To do that, it is analysed the indicators for de Fiscal Responsibility Law (LRF, as in Portuguese term), just as debt and investment datas in the 2000 – 2012 period. The proposed inqury is about how the governments of Pará, Amazonas and Mato Grosso attached themselves to the LRF settings and to the Resolutions No. 40 and 43 of 2001, as well as which influences could be observed about the Brazilian State's Budget investment component in the adopted historic gap (from 2000 to 2012). Results say the Brazilian States are dependents of national resources in a distinct manner. As Pará and Mato Grosso were the most affected in the debts' renegotiation terms, it was Pará the Brazilian State who has acquired the most investment volume - debt proportion when compared to Amazonas and Mato Grosso. This scenario is explained when one takes into account the regional economic differences of such States, as their own path in fit the Brazilian Fiscal Adjustment Programme

Keywords

• Divida Estadual
• Federalismo Fiscal
• Pará, Amazonas e Mato Grosso