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What is Fiscal Responsibility Law

Accounting and Financial Reporting Challenges for Government, Non-Profits, and the Private Sector
This establishes a set of public finance norms aimed at responsible fiscal management.
Published in Chapter:
The Secret of the Best: The Practice of Risk Management in Brazilian Educational Institutions
Rômulo Brito Oliveira (Universidade Federal de Pernambuco, Brazil), Fernando Gentil de Souza (Universidade Federal de Pernambuco, Brazil), and Darlene Silva S. Santana (Instituto Federal de Educação Ciência e Tecnologia da Bahia, Brazil)
DOI: 10.4018/978-1-6684-7293-4.ch007
Abstract
The theme of governance has occupied the spaces of debate and practice in public administration. The evaluation of good examples of institutional management, in the current scenario, is always linked to the implementation of governance principles and their guidelines. In this sense, this chapter aims to indicate an initial step to increase risk management in Brazilian educational institutions. To this end, the authors present the historical path of the concept of governance until its adoption by public management in Brazil, seeking to understand the current political-economic-social; then, in order to show that good practices lead to good results, the authors list some Brazilian educational institutions that present a high Government Management Index, pointing out some of their actions that contributed to the excellence status. Finally, in the last chapter, the authors describe the initial stages of implementation of risk management, using the Swot Matrix as a useful tool for the systematic knowledge of the institution, which enables decision making more consistent with the reality of the context.
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