Ceará State Fiscal Policy on Acquisition of ICMS Credits Due to Operations and Installments Abroad

Abstract

The set of governmental actions involving the planning and implementation of fiscal policies, due to its direct connection with the achievement of various objectives in the budget, imposes a scaled reflections from the consequences of the administration and generation of revenue and public expenditure. The debate about the elements of fiscal policy covering its various categories of analysis, such as those related to balance the state budget, with the volume and quality of spending public, as well as with the guidelines for a fair taxation, equitable, efficient and balanced. The objective of this article is inserted precisely in this context, by addressing the fiscal policy implemented by the State of Ceará to purchase ICMS tax credits accumulated by taxpayers as a result of the operations and services exported, a measure which seeks primarily to mitigate the negative impacts of constitutional exemption of exports. It is concluded that the fiscal policy analyzed, although it has provided positive results for the public finances of the State of Ceará, and while economically favor the private exporter, has some flaws related to its planning, which compromise partly its results.