External credit operations

new source of revenue to federation entities

Abstract

This article aimed to understand how the processes of External Credit operations in Brazil occur, starting with the analysis of the relevant constitutional provisions, specifically, it is worth pointing out Article 52 of the Federal Constitution, among other laws applicable to the case. The research work uses the methodological procedure of bibliographic-investigative research that integrates a broad investigation into government legislation on External Credit processes. In this way, the research covers 3 stages: first, analysis of the constitutional provisions applicable to the case. It was necessary to differentiate the types of credit operations, understand the legal limits and the operation of the National Treasury Guarantee. In order to achieve this objective, in a second stage, it was essential to understand the role of the various government entities involved in the process and the special competence of each one of them. Finally, a flow of External Credit operations was established, in addition to the analysis of the prepositions already approved in the present year of 220, their origins, purposes and values. The number of prepositions in the last 20 years was verified, it was found that there was no increase in requests for external credit in the last five years.