Financiamento do desenvolvimento urbano
By: REZENDES, Fernando
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Material type: 
ArticlePublisher: São Paulo : Editora 34, out./dez. 1997Revista de Economia Política = Brazilian Journal of Political Economy 17, 4, p. 99-120Abstract: This paper deals with a controversial aspect of the Brazilian public policies: the way urban investment and the provision of urban services are financed. The failure of pat solutions, based on a highly centralized decision making process of channeling bud-getary resources and forced savings to state and local governments, led to a situation in which financial difficulties became one of the main reasons of the deteriorating ur-ban infrastructure and urban services in most of the major Brazilian cities. Against this background the paper argues for a through revision of the way and means of urban development financing, based on recommendations of pooling available resources, imple-menting professional management and moving toward better intergovernmental coor-dination of urban policies. Confidence in the newer rules, and in its maintenance over time, is also emphasized as an important requisite for attracting private capital to im-portant areas, such as sanitation, transportation and housing
This paper deals with a controversial aspect of the Brazilian public policies: the way urban investment and the provision of urban services are financed. The failure of pat solutions, based on a highly centralized decision making process of channeling bud-getary resources and forced savings to state and local governments, led to a situation in which financial difficulties became one of the main reasons of the deteriorating ur-ban infrastructure and urban services in most of the major Brazilian cities. Against this background the paper argues for a through revision of the way and means of urban development financing, based on recommendations of pooling available resources, imple-menting professional management and moving toward better intergovernmental coor-dination of urban policies. Confidence in the newer rules, and in its maintenance over time, is also emphasized as an important requisite for attracting private capital to im-portant areas, such as sanitation, transportation and housing
Revista de Economia Política 1997
v. 17, n. 4(68)
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