The Social Fund: A Brazilian Sovereign Wealth Fund

Hirdan Katarina Medeiros Costa () and Isabela Morbach Machado Silva ()
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Hirdan Katarina Medeiros Costa: IEE
Isabela Morbach Machado Silva: IEE

A chapter in Sovereign Wealth Funds, Local Content Policies and CSR, 2021, pp 99-111 from Springer

Abstract: Abstract In conjunction with expectations of an increase in revenue from the exploration of oil and gas after the discovery of Brazil’s pre-salt layer, important issues emerged on the best methods of administering public revenue in the benefit of current public interest and futures generations. In this context, the Executive Branch sent to the National Congress a proposal for a new regulatory framework for the formulation and implementation of public policies in the energy sector. As part of this policy a Social Fund of petroleum (i.e. a Sovereign Wealth Fund) was created in order to create a source of resources for social and regional development, through programs and projects aimed at combating poverty and stimulating development. In light of this, this chapter will describe the main aspects of Brazil’s Social Fund.

Keywords: Public finance law; Non-renewable natural resources; Social fund and sovereign wealth fund (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:spr:csrchp:978-3-030-56092-8_5

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DOI: 10.1007/978-3-030-56092-8_5

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