Brazil - Financing Municipal Investment : Issues and Options

This report explores alternative ways to finance municipal capital expenditures while maintaining macroeconomic stability and fiscal discipline. It tries to estimate the financing effort that municipalities will need to make in order to meet the de...

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Bibliographic Details
Main Author: World Bank
Format: Pre-2003 Economic or Sector Report
Language:English
en_US
Published: Washington, DC 2013
Subjects:
MDF
TAX
Online Access:http://documents.worldbank.org/curated/en/2001/04/1121209/brazil-financing-municipal-investment-issues-options
http://hdl.handle.net/10986/15677
id okr-10986-15677
recordtype oai_dc
spelling okr-10986-156772021-04-23T14:03:13Z Brazil - Financing Municipal Investment : Issues and Options World Bank ACCOUNTING AUTONOMY BANKING SECTOR BETTERMENT TAXES BORROWING CAPITAL PROJECTS CAPITALS CASH FLOWS CITY MANAGEMENT CREDIT MARKETS CREDIT RISK CREDITWORTHINESS DEBT DEBT FINANCING DEBT INSTRUMENTS DEBT SERVICE DECENTRALIZATION DEFICITS DEVELOPMENT BANKS DIRECT FINANCING ECONOMIC PERFORMANCE ELECTRICITY EMPLOYMENT EVASION FINANCIAL INSTITUTIONS FINANCIAL INTERMEDIARIES FINANCIAL MANAGEMENT FISCAL ADMINISTRATION FISCAL BALANCE FISCAL DISCIPLINE FISCAL FEDERALISM FISCAL MANAGEMENT FISCAL PERFORMANCE FISCAL POLICIES FISCAL RESPONSIBILITY FISCAL YEAR HOUSING INFLATION INSTITUTIONAL DEVELOPMENT INTEREST RATES LAND PRICES LAND VALUE LARGE CITIES LEGISLATION LENDING INSTITUTIONS MATURITIES MDF METROPOLITAN AREAS MINISTRIES OF FINANCE MORAL HAZARD MUNICIPAL ADMINISTRATION MUNICIPAL BONDS MUNICIPAL CREDIT MUNICIPAL DEBT MUNICIPAL DEVELOPMENT MUNICIPAL DEVELOPMENT PROGRAMS MUNICIPAL FINANCE MUNICIPAL FINANCING MUNICIPAL GOVERNMENTS MUNICIPAL INFRASTRUCTURE MUNICIPAL INVESTMENTS MUNICIPAL MANAGEMENT MUNICIPAL REVENUE MUNICIPAL SERVICES MUNICIPAL TAXES MUNICIPALITIES PENSIONS PRIVATE BANKING PRIVATE SECTOR PRIVATE SECTOR INVESTMENT PRIVATE SECTOR PARTICIPATION PROPERTY TAX ASSESSMENT PROPERTY TAXES PROVISIONS PUBLIC ENTERPRISES PUBLIC POLICY PUBLIC REVENUES PUBLIC SECTOR PUBLIC SERVICES PUBLIC SPENDING PUBLIC TRANSIT PUBLIC UTILITIES RECURRENT EXPENDITURES REGULATORY FRAMEWORK RESOURCE MOBILIZATION RETAIL SALES TAX RETIREMENT REVENUE SHARING REVENUE SOURCES SAVINGS SOCIAL SERVICES STATE BANKS SUBNATIONAL GOVERNMENTS TAX TAX ADMINISTRATION TAX CAPACITY TAX COLLECTION TAX RATES TAX REFORM TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TRANSPARENCY TREASURY URBAN DEVELOPMENT URBAN INFRASTRUCTURE URBAN MANAGEMENT USER CHARGES WAGES This report explores alternative ways to finance municipal capital expenditures while maintaining macroeconomic stability and fiscal discipline. It tries to estimate the financing effort that municipalities will need to make in order to meet the demand for infrastructure services over the next five to 10 years, taking into account the municipalities' expected resources from local taxes, user charges, and intergovernmental transfers. The report is organized into six chapters. The introduction describes the overall problem, main issues, methodology, and analytical framework. Chapter 2 explains the context under which municipalities operate, and it identifies the main financial trends in the sector. Chapter 3 discusses how to increase municipal current savings to enable municipal governments to finance investment and leverage borrowing. Chapter 4 focuses how to ensure that the existing municipal credit systems operate efficiently, that municipalities with "good" projects find adequate long-term financing, and that credit is allocated more by market rules and less by political factors. Chapters 5 and 6 discusses how to support the involvement of the private sector in the financing of municipal infrastructure and in helping the transition toward less regulated credit systems. 2013-09-05T19:00:11Z 2013-09-05T19:00:11Z 2001-04-20 http://documents.worldbank.org/curated/en/2001/04/1121209/brazil-financing-municipal-investment-issues-options http://hdl.handle.net/10986/15677 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Pre-2003 Economic or Sector Report Economic & Sector Work Latin America & Caribbean Brazil
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic ACCOUNTING
AUTONOMY
BANKING SECTOR
BETTERMENT TAXES
BORROWING
CAPITAL PROJECTS
CAPITALS
CASH FLOWS
CITY MANAGEMENT
CREDIT MARKETS
CREDIT RISK
CREDITWORTHINESS
DEBT
DEBT FINANCING
DEBT INSTRUMENTS
DEBT SERVICE
DECENTRALIZATION
DEFICITS
DEVELOPMENT BANKS
DIRECT FINANCING
ECONOMIC PERFORMANCE
ELECTRICITY
EMPLOYMENT
EVASION
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL MANAGEMENT
FISCAL ADMINISTRATION
FISCAL BALANCE
FISCAL DISCIPLINE
FISCAL FEDERALISM
FISCAL MANAGEMENT
FISCAL PERFORMANCE
FISCAL POLICIES
FISCAL RESPONSIBILITY
FISCAL YEAR
HOUSING
INFLATION
INSTITUTIONAL DEVELOPMENT
INTEREST RATES
LAND PRICES
LAND VALUE
LARGE CITIES
LEGISLATION
LENDING INSTITUTIONS
MATURITIES
MDF
METROPOLITAN AREAS
MINISTRIES OF FINANCE
MORAL HAZARD
MUNICIPAL ADMINISTRATION
MUNICIPAL BONDS
MUNICIPAL CREDIT
MUNICIPAL DEBT
MUNICIPAL DEVELOPMENT
MUNICIPAL DEVELOPMENT PROGRAMS
MUNICIPAL FINANCE
MUNICIPAL FINANCING
MUNICIPAL GOVERNMENTS
MUNICIPAL INFRASTRUCTURE
MUNICIPAL INVESTMENTS
MUNICIPAL MANAGEMENT
MUNICIPAL REVENUE
MUNICIPAL SERVICES
MUNICIPAL TAXES
MUNICIPALITIES
PENSIONS
PRIVATE BANKING
PRIVATE SECTOR
PRIVATE SECTOR INVESTMENT
PRIVATE SECTOR PARTICIPATION
PROPERTY TAX ASSESSMENT
PROPERTY TAXES
PROVISIONS
PUBLIC ENTERPRISES
PUBLIC POLICY
PUBLIC REVENUES
PUBLIC SECTOR
PUBLIC SERVICES
PUBLIC SPENDING
PUBLIC TRANSIT
PUBLIC UTILITIES
RECURRENT EXPENDITURES
REGULATORY FRAMEWORK
RESOURCE MOBILIZATION
RETAIL SALES TAX
RETIREMENT
REVENUE SHARING
REVENUE SOURCES
SAVINGS
SOCIAL SERVICES
STATE BANKS
SUBNATIONAL GOVERNMENTS
TAX
TAX ADMINISTRATION
TAX CAPACITY
TAX COLLECTION
TAX RATES
TAX REFORM
TAX REVENUE
TAX REVENUES
TECHNICAL ASSISTANCE
TRANSPARENCY
TREASURY
URBAN DEVELOPMENT
URBAN INFRASTRUCTURE
URBAN MANAGEMENT
USER CHARGES
WAGES
spellingShingle ACCOUNTING
AUTONOMY
BANKING SECTOR
BETTERMENT TAXES
BORROWING
CAPITAL PROJECTS
CAPITALS
CASH FLOWS
CITY MANAGEMENT
CREDIT MARKETS
CREDIT RISK
CREDITWORTHINESS
DEBT
DEBT FINANCING
DEBT INSTRUMENTS
DEBT SERVICE
DECENTRALIZATION
DEFICITS
DEVELOPMENT BANKS
DIRECT FINANCING
ECONOMIC PERFORMANCE
ELECTRICITY
EMPLOYMENT
EVASION
FINANCIAL INSTITUTIONS
FINANCIAL INTERMEDIARIES
FINANCIAL MANAGEMENT
FISCAL ADMINISTRATION
FISCAL BALANCE
FISCAL DISCIPLINE
FISCAL FEDERALISM
FISCAL MANAGEMENT
FISCAL PERFORMANCE
FISCAL POLICIES
FISCAL RESPONSIBILITY
FISCAL YEAR
HOUSING
INFLATION
INSTITUTIONAL DEVELOPMENT
INTEREST RATES
LAND PRICES
LAND VALUE
LARGE CITIES
LEGISLATION
LENDING INSTITUTIONS
MATURITIES
MDF
METROPOLITAN AREAS
MINISTRIES OF FINANCE
MORAL HAZARD
MUNICIPAL ADMINISTRATION
MUNICIPAL BONDS
MUNICIPAL CREDIT
MUNICIPAL DEBT
MUNICIPAL DEVELOPMENT
MUNICIPAL DEVELOPMENT PROGRAMS
MUNICIPAL FINANCE
MUNICIPAL FINANCING
MUNICIPAL GOVERNMENTS
MUNICIPAL INFRASTRUCTURE
MUNICIPAL INVESTMENTS
MUNICIPAL MANAGEMENT
MUNICIPAL REVENUE
MUNICIPAL SERVICES
MUNICIPAL TAXES
MUNICIPALITIES
PENSIONS
PRIVATE BANKING
PRIVATE SECTOR
PRIVATE SECTOR INVESTMENT
PRIVATE SECTOR PARTICIPATION
PROPERTY TAX ASSESSMENT
PROPERTY TAXES
PROVISIONS
PUBLIC ENTERPRISES
PUBLIC POLICY
PUBLIC REVENUES
PUBLIC SECTOR
PUBLIC SERVICES
PUBLIC SPENDING
PUBLIC TRANSIT
PUBLIC UTILITIES
RECURRENT EXPENDITURES
REGULATORY FRAMEWORK
RESOURCE MOBILIZATION
RETAIL SALES TAX
RETIREMENT
REVENUE SHARING
REVENUE SOURCES
SAVINGS
SOCIAL SERVICES
STATE BANKS
SUBNATIONAL GOVERNMENTS
TAX
TAX ADMINISTRATION
TAX CAPACITY
TAX COLLECTION
TAX RATES
TAX REFORM
TAX REVENUE
TAX REVENUES
TECHNICAL ASSISTANCE
TRANSPARENCY
TREASURY
URBAN DEVELOPMENT
URBAN INFRASTRUCTURE
URBAN MANAGEMENT
USER CHARGES
WAGES
World Bank
Brazil - Financing Municipal Investment : Issues and Options
geographic_facet Latin America & Caribbean
Brazil
description This report explores alternative ways to finance municipal capital expenditures while maintaining macroeconomic stability and fiscal discipline. It tries to estimate the financing effort that municipalities will need to make in order to meet the demand for infrastructure services over the next five to 10 years, taking into account the municipalities' expected resources from local taxes, user charges, and intergovernmental transfers. The report is organized into six chapters. The introduction describes the overall problem, main issues, methodology, and analytical framework. Chapter 2 explains the context under which municipalities operate, and it identifies the main financial trends in the sector. Chapter 3 discusses how to increase municipal current savings to enable municipal governments to finance investment and leverage borrowing. Chapter 4 focuses how to ensure that the existing municipal credit systems operate efficiently, that municipalities with "good" projects find adequate long-term financing, and that credit is allocated more by market rules and less by political factors. Chapters 5 and 6 discusses how to support the involvement of the private sector in the financing of municipal infrastructure and in helping the transition toward less regulated credit systems.
format Economic & Sector Work :: Pre-2003 Economic or Sector Report
author World Bank
author_facet World Bank
author_sort World Bank
title Brazil - Financing Municipal Investment : Issues and Options
title_short Brazil - Financing Municipal Investment : Issues and Options
title_full Brazil - Financing Municipal Investment : Issues and Options
title_fullStr Brazil - Financing Municipal Investment : Issues and Options
title_full_unstemmed Brazil - Financing Municipal Investment : Issues and Options
title_sort brazil - financing municipal investment : issues and options
publisher Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2001/04/1121209/brazil-financing-municipal-investment-issues-options
http://hdl.handle.net/10986/15677
_version_ 1764426615956176896