The Whole of Government Accounts in Brazil

13 Pages Posted: 16 Jul 2014 Last revised: 12 Aug 2014

See all articles by Ricardo Lopes Cardoso

Ricardo Lopes Cardoso

Brazilian School of Public and Business Administration; Rio de Janeiro State Univ., FAF

Andre C. B. Aquino

University of Sao Paulo - FEARP-USP

José Pigatto

Santa Maria Federal University

Date Written: August 11, 2014

Abstract

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

Cardoso, Ricardo Lopes and Aquino, Andre C. B. and Pigatto, José, The Whole of Government Accounts in Brazil (August 11, 2014). Available at SSRN: https://ssrn.com/abstract=2466494 or http://dx.doi.org/10.2139/ssrn.2466494

Ricardo Lopes Cardoso (Contact Author)

Brazilian School of Public and Business Administration ( email )

Rua Jornalista Orlando Dantas, 30
Office 206. Botafogo
Rio de Janeiro, Rio de Janeiro 22231-010
Brazil
+55-21 30832713 (Phone)

Rio de Janeiro State Univ., FAF ( email )

Rua Sao Francisco Xavier, 524
bloco B, sala 1024
Rio de Janeiro, Rio de Janeiro
Brazil

Andre C. B. Aquino

University of Sao Paulo - FEARP-USP ( email )

Av. Bandeirantes, 3900 - Monte Alegre
Ribeião Preto, 14040-900
Brazil
55 16 3602-4972 (Phone)

HOME PAGE: http://www.fearp.usp.br

José Pigatto

Santa Maria Federal University ( email )

Rua Marechal Floriano Peixoto
1184, 6º Andar
Santa Maria, Rio Grande do Sul
Brazil
+55-55-32209299 (Phone)

HOME PAGE: http://lattes.cnpq.br/4721687411214673

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