Denise Lobato Gentil - CORECON-RJ

Abstract
This work represents a financial analysis of the social security system
during the period 1990–2005, using as a reference the rules of the Federal
Constitution of 1988 and the statistical data of the federal government's budget.
The main objective is to verify the financial capacity of the social insurance
system to liquidate the agreed on commitments and expanding for a more
advanced process of universalization of rights. A historical analysis was made on
the birth and evolution of the Brazilian social insurance system, evaluating its
institutions and how it is affected by the national economy’s dynamics. Finally,
an analysis was made on the connection that was created among the liberalorthodox
economical politics used by the country from the years 1990 and the
form of administration of the resources of the social security. The results of that
investigation leads to the conclusion that the social security system is financially
self sustainable, being capable of generating volumous surplus of resources.
However, a large part of its revenues are diverted for applications in other areas
belonging to the fiscal budget allowing the goals of primary surplus to be
accomplished and until surpassed. Unlike what it is usually published, the social
insurance system is not in crisis, nor it needs reforms that seek fiscal
adjustments, because the system has excess of resources. What it needs are
reforms that allow the inclusion of a large population that today find itself
unprotected. The capacity to sustain the system in the future will depend on
economic political changes which implies the growth associated with the
distribution of income.