Fiscal Space and Public Sector Investments in Infrastructure: A Brazilian Case-Study

José Afonso, Erika Araújo and Geraldo Biasoto

No 1141, Discussion Papers from Instituto de Pesquisa Econômica Aplicada - IPEA

Abstract: The Brazilian experience is of particular interest as a case study into the fiscal scopefor public sector investments, especially in infrastructure. Brazil has one of thehighest tax burdens in the world and, at the same time, the public sector has beenregistering a historic low in investment, even lower than the average levels seenelsewhere in Latin America. The idea of crating adequate fiscal space to allow forincreased investment has been largely ignored at national level. The little thatnational debate has advanced so far on this issue has only produced at best adefinition of the challenge. In this context, the paper does not intend to provide aready-made solution for such large and varied challenges. Instead, it hopes tocontribute in a small way to the development of debate, starting by raising andsystemizing information and by pointing out possible alternatives, in a preliminaryand perhaps somewhat provocative manner.

Pages: 47 pages
Date: 2005-12
New Economics Papers: this item is included in nep-pbe
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