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The budget process: tendencies and perspectives

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  • Carlos Alberto Longo

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.

Suggested Citation

  • Carlos Alberto Longo, 1994. "The budget process: tendencies and perspectives," Brazilian Journal of Political Economy, Center of Political Economy, vol. 14(2), pages 208-222.
    • Handle: RePEc:ekm:repojs:v:14:y:1994:i:2:p:208-222:id:1279
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    File URL: https://centrodeeconomiapolitica.org.br/repojs/index.php/journal/article/view/1279/1264
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    More about this item

    Keywords

    Public budget; legislation; budget guidelines act;
    All these keywords.

    JEL classification:

    • H61 - Public Economics - - National Budget, Deficit, and Debt - - - Budget; Budget Systems

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