The Whole of Government Accounts in Brazil
13 Pages Posted: 16 Jul 2014 Last revised: 12 Aug 2014
Date Written: August 11, 2014
This paper presents the origins, actual situation and future perspectives about the whole of public sector accounts (WPSA) in Brazil. We collected evidences from financial reports and regulation, and aiming to capture the implementation process path we interviewed technicians from the National Treasury Secretariat (NTS), other technicians and politicians that have participated in the design of relevant legislation and in the preparation of earlier and current versions of Brazil’s WPSA. The WPSA in Brazil was driven by a fiscal agenda in the year 2000 and preceded reforms towards IPSAS. Consolidation is required by law since 1964 for central and local governments, but the first public sector consolidated report, including assets and liabilities at large, was produced only in 2001. The paper describes the implementation and development process over 14 years of WPSA report. Notwithstanding, until date the Brazilian public sector does not prepare consolidations (properly said), but an aggregation of balances (not performing any consolidation adjustment).
Keywords: whole of public sector accounts, public sector, consolidation, Brazil
JEL Classification: M41, H70, H60, H50
Suggested Citation: Suggested Citation