Brazilian public sector and financing debt: 1983-1988

Paulo Nogueira Batista ()

Brazilian Journal of Political Economy, 1990, vol. 10, issue 4, 465-488

Abstract: This article analyses the evolution of the Brazilian public sector’s deficit andof its sources of financing from 1983 to ·1988. It is shown that the government’s growingfinancial problems arose, to a certain extent, from a sharp reduction in its primary surplusfrom 1985 on. But this was partly compensated by a substantially lower interest burden. Asa result, there was no explosive increase in the operational deficit up to 1988. The publicsector’s increasing financial difficulties resulted basically from a significant narrowing of thesupply of credit, a process that began with the external debt crisis and that was reinforced bythe effects of accelerating inflation combined with increasing doubts concerning the government’screditworthiness. JEL Classification: H62.

Keywords: Deficit; public sector funding (search for similar items in EconPapers)
Date: 1990
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