The objective of this Project is to increase mutual understanding and dialogue on the prospects and challenges for reforming the fiscal governance framework in Brazil and the European Union, with an emphasis on fiscal rules and the role of Independent Fiscal Institutions (IFIs).
This initiative aims to implement activities that facilitate mutual understanding of the role of independent fiscal institutions and the adaptability of medium-term fiscal rules and frameworks within increasingly uncertain and pos-pandemic’s challenging contexts.
It is expected that the EU-Brazil dialogue on fiscal governance and the role of IFIs in the post-pandemic will contribute to the search for a better understanding of the socioeconomic prospects in Brazil and in the EU and how this will be reflected in the public budget, based on the premise of maintaining the sustainability of public accounts and reconciling flexibility with enforceability.
In the end, it is hoped that it will be possible to assess the performance of IFIs and the responsiveness of fiscal rules during COVID-19 and to strengthen the EU-Brazil exchange of knowledge and proposals for reforming fiscal governance frameworks.
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