THE STATE AND PUBLIC FUND: A STUDY OF ESPÍRITO SANTO (2015–2022)
Name: ANA CLARA OLIVEIRA RAFT
Publication date: 29/08/2025
Examining board:
Name |
Role |
|---|---|
| CAMILLA DOS SANTOS NOGUEIRA | Examinador Interno |
| DANIEL PEREIRA SAMPAIO | Presidente |
| JEANE ANDREIA FERRAZ SILVA | Examinador Interno |
| OSMAR GOMES DE ALENCAR JÚNIOR | Examinador Externo |
Summary: This dissertation analyses the budgetary policy of Espírito Santo from 2015 to 2022, through the lens of the State Derivation theory, and investigated how the functions and subfunctions of public spending reflect a logic oriented toward capital accumulation. Using official budget data re-grouped by functional classification of expenditure, the study articulates empirical analysis with the theoretical framework of the derivation school. The findings suggest that, despite shifts in political leadership, the core of fiscal policy remained structurally aligned with adjustment imperatives, favouring financial outlays and incentives to the private sector, while deprioritising key areas of social spending. The structure of state revenues reinforces this trend by granting tax exemptions without robust mechanisms for oversight and transparency, thereby deepening the regressive nature of the tax system. Ultimately, the Espírito Santo budget functions as an organic component of state policy—understood here as the
expanded reproduction of capital—managing distributive tensions without overcoming them and revealing the persistence of a fiscal rationality largely impervious to partisan or conjunctural change.
