Brazilian Constitutional Amendment Proposal 187 of 2019: Budgetary rigidity, linked revenue, mandatory expenditures and public debt by Glauco Fonteles Oliveira e Silva, Mathias Tessmann published by MISES: Interdisciplinary Journal of Philosophy Law and Economics (2022).
The purpose of this paper is to discuss the Constitutional Amendment Proposal 187 of 2019 (PEC 187/2019), presented by the Brazilian Ministry of Economy as part of an Economic Reform Agenda to improve the budgetary and financial management of the Federal Entities. Through due process at the National Congress, the Proposal of Funds (PEC of Funds) includes constitutional changes in national public finances, which makes our research relevant. Also, by presenting technical arguments, favorable or not, to its approval, and identifying whether the current fiscal regulation needs to be reformed, we will analyze essential issues such as budget rigidity, linked revenue, mandatory spending, and public debt, based on data and information extracted from national and foreign literature and articles.
