The budget process: tendencies and perspectives

Carlos Alberto Longo ()

Brazilian Journal of Political Economy, 1994, vol. 14, issue 2, 208-222

Abstract: The budget bill spells out the key functions of government. Once passed intolaw, its implementation assures the provision of public services, the minimization of socialinjustice, and the search for full employment with inflation under control. This article beginsby outlining the historical origins of national budgeting, stressing the evolution and systematizationof the process as nations develop. Brazil’s budget legislation is described startingwith the 1969 constitution. Moving on to the 1988 constitution (in force), the prolixity andinconsistency of the chapter on public finance are criticized. The Brazilian budgetary processis shown to be excessively fragmented, with three separated but overlapping pieces of legislation– the Budget Guidelines Act (Lei de Diretriz Orçamentária), the Federal General Budgetand the Multiyear Plan. It is concluded that efficacy and transparency could be enhancedby merging all three into a single act. JEL Classification: H61.

Keywords: Public budget; legislation; budget guidelines act (search for similar items in EconPapers)
Date: 1994
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