Os efeitos do gerenciamento de riscos sobre a eficiência financeira dos municípios do Estado do Rio de Janeiro: uma análise do período de calamidade financeira

Abstract

Over the years, public administration has gone through several changes that have enabled the insertion of management control mechanisms from the private sector to the public area, requiring remodeling and adaptations for their effective application. In this context, risk management assumes an important role in the Brazilian public sphere with the inclusion of the Fiscal Responsibility Law in the legal system. Thus, through the Tax Risks Annex, which is accompanied by the Budget Guidelines Law, it became possible to carry out analyzes of future events and outline measures that can minimize the effects of these risks, especially on the public budget. Thus, this tool reveals itself as a way to safeguard the public entity, proving to be even more relevant in periods of scarcity of financial resources, such as the period of financial calamity experienced by municipalities in the state of Rio de Janeiro. Thus, this study aims to investigate the influence of risk management applied to the public budget on the financial efficiency of Rio de Janeiro municipalities during the period from 2016 to 2018. Through the analysis of the relative efficiency of Rio de Janeiro cities, based on the analysis of the informational content of attachments of municipal fiscal risks this research found that the use of this mechanism at a strategic level can significantly influence the levels of municipal financial efficiency. This is due to the anticipation of events and the establishment of contingencies aimed at minimizing expenditures with corrective measures. In addition to this, it was also found that the cities whose Tax Risk Attachments were more detailed and updated annually, reached higher rates of global financial efficiency, denoting a relationship of dependence between both variables.