Análise comparativa dos custos da Dívida Pública federal com os custos da Seguridade Social federal - 2003 a 2016

Abstract

The present dissertation results from the research work within the Union, focusing on the cost of service of the Brazilian Public Debt in the years 2003 to 2016 in comparison to the cost of Social Security in the same period. This study analyzes, in a historical perspective, the Brazilian public indebtedness, emphasizing its development and its objects, considering the political context and the correlations of existing political forces in the moment of contracting and defending the debts. The general objective of this investigation is to analyze the cost of service of the Brazilian Public Debt in the years 2003 to 2016 in comparison to the cost of Social Security in the same period. The specific objectives are (1) to carry out an accounting survey of all internal and external public debt in the period from 2003 to 2016; (2) to verify how the payment of interest and amortization procedures are performed; (3) to compare the values of the annual Social Security budgets with the amounts spent on public debt services; (4) to analyze contractual and movable public debt. As methodology of the work we use the bibliographic study and the documentary research. In Section I we have developed a text on the process of global financialization, in the aspect of the emergence of the State and even the need for its intervention in the economy, as well as the historical aspects of the public debt for classic and neoclassical economists and the history of public debt in the Brazil. In Section II we analyze the Brazilian public budget and the economic functions of the public sector, as well as: the Brazilian public indebtedness and the debt system, with its conceptual definitions and indicators; the public deficit and the debt system; the outlook for public debt in the period 2003 to 2016; the aspects of public securities and contractual debt; the experiences of auditing the Brazilian public debt; and public debt audit experiences in Ecuador, Argentina, Norway, Ireland, France, Greece and Portugal. In Section III we pondered the analysis of the Brazilian public debt from 2003 to 2016; the analysis of public bonds of the Union and in section IV the analysis of the resources destined to the payment of the public debt versus resources destined to the Social Security.