REFLECTION ABOUT PUBLIC FINANCE STANDARDS: A FOCUS ON THE CONCESSION OF BENEFITS THROUGH REVENUE FOREGONE

Abstract

The Brazilian society is experiencing changes in the public equity management model. Part of these changes is due to the enactment of the Fiscal Responsibility Law (LRF), which created strict rules for revenue foregone. Analyzing public finance standards that set limits and conditions to achieve fiscal management responsibility, particularly regarding the concession of benefits through revenue foregone, is highly relevant as a social contribution. The aim in this study is to reflect on the doctrine and jurisprudence of the Brazilian Federal Court of Auditors (TCU) and of the State of Minas Gerais, which establish restrictive conditions for revenue foregone. The research is characterized as exploratory and the documentary sources include legislation, doctrine and jurisprudence of the Federal Court of Auditors and the Minas Gerais State Court of Auditors, with a view to supporting inferential observations about the theme. The study results indicate some advances in terms of revenue foregone in Brazil: 1) the LRF represents the first advance by imposing restrictions on the concession of this benefit; 2) the National Treasury created the revenue deduction method, thus promoting greater disclosure of these amount; 3) the Courts of Auditors supervise compliance with the limits set for revenue foregone.