Evaluation of fiscal authority: the IFI case in the Federal Senate

  • Heloisa Rodrigues Rocha


This paper evaluates the creation and form ofoperation of the Independent Fiscal Institution (IFI),which is linked to the Federal Senate and was createdin 2016. The evaluation is done based on the existingdefinitions and standards for entities that carry out thiskind of function, recommended by academics and bythe international organizations International MonetaryFund (IMF), Organization for Economic Cooperationand Development (OECD), and European Union EuropeanCommission (EU). This Brazilian case study usesbibliographic research of scientific articles and officialinternational publications with theoretical discussions,comparative studies, and analyses of case studies aboutindependent fiscal entities in several countries of theworld. The results obtained show that, considering theform in which the IFI was instituted in Brazil, there isroom for strengthening it with regard to appropriatenessto the legal framework in effect, enhancement ofactual independence, better relations with the Parliamentin terms of accountability and rendering of information,participation and opinion on the elaboration ofbudgetary laws, among others. There is still a need toponder and define the field of action of the IFI to avoidoverlap of mandates regarding other agencies, such asthe Legislative Consultancies of the two Houses of theNational Congress and the Fiscal Management Council,provided for in the Fiscal Responsibility Law. Examinationof the matter also shows that the relationship of the IFI to the press and society is one of the greatest virtuesof the fiscal institution, playing effectively a role that istypical of these types of institutions.

Biografia do Autor

Heloisa Rodrigues Rocha
Civil servant of the Federal Courtof Accounts – Brazil (Tribunalde Contas da União – TCU). Shehas a specialist degree in PublicBudget from the ILB/FederalSenate, a BA in Law from IDP, anda BA in Physics from Unicamp.