The Brazilian Public Deficit

The aim of this study was to analyse the Brazilian public deficit. Through the literature and the data researched, we sought to understand its history, composition, magnitude, constitution and main vulnerabilities for the Brazilian economy. The solutions and strategies being adopted were investigated, not only the economic ones, but also the legal ones. We tried to answer whether these strategies could be improved and whether it is possible to manage the public debt through primary surpluses that minimise the impact on economic growth, providing suggestions. The public deficit can certainly be reduced: if the primary surplus policy is expanded by a public management shock (efficiency), some constitutional reforms and continued modernisation of the state apparatus, and if a clear strategy is created, visible to society, for the gradual but consistent reduction of the domestic public debt.