Dívida pública de Alagoas: uma análise do quadro da dívida após as reestruturações entre 2012 e 2022

Abstract

Over the past few decades, the public debt of Brazilian states has been shaped by different moments and various transformations, each with its own peculiarities. From the 1960s to the late 1990s, Brazil faced a highly unstable political context and an authoritarian regime, during which states accumulated significant debts. This scenario led to the need for debt restructuring at the state level, with a highlight on Federal Law No. 9,496/1997, which laid the groundwork for refinancing contracts. The fiscal situation of the states underwent considerable changes through amendments to the Fiscal Responsibility Law (LRF) and the restructuring of state debts, such as LC No. 148/2014 and LC No. 156/2016. In the state of Alagoas, these reforms resulted in a significant reduction in the debt balance and the commitment of state revenue, creating financial flexibility for the state concerning its obligations to the federal government. It is important to note that the relationship between debt service and Net Current Revenue (NCR) has substantially decreased, going from over 13% in 2010 to a level close to 3% in 2022. The importance placed on these restructuring efforts and transformations demonstrates a constant pursuit of more sustainable budget management, aiming for economic stability and a stronger economic situation.