Evolução das necessidades de financiamento e da dívida liquida do setor público do Brasil de 2002 a 2015

Abstract

The objective of this present study is to describe the Evolution of Public Sector Borrowing Requeriments (PSBR) and Net Public Debt (NPD) from 2002 to 2015. Descriptive, it uses bibliographic and documentary research to answer its objectives. In conclusion, the public sector spent more on nominal interest than its own, the difference between non-financial income and expenses over the entire period, even so, the NPD decreased from 2002 to 2015, starting from 60% of GDP in 2002, entering a downward trend until 2013, reaching 30.5%, rising again in the following years and closing 2015 at 35.6% of GDP. The decrease in the NPD can be explained by the accumulation of international reserves, exchange rate movements, the growth of nominal GDP. In the 2014-2015 biennium, the country entered a recession combined with a political crisis, which contributed to raise debt, worsened PSBR, with the return of primary deficits, and increased market uncertainty regarding the direction of fiscal policy.