regional debt
[ˈriːdʒənəl det]
nounpl: regional debts
dívida regional
1. Outstanding financial obligations incurred by regional or state governments, including loans, bonds, and other liabilities
The regional debt of several states has increased significantly due to infrastructure projects.
A dívida regional de vários estados aumentou significativamente devido a projetos de infraestrutura.
2. In Brazil specifically, refers to debts contracted by state and municipal governments with the federal government or external creditors
Brazil's regional debt negotiations between states and the federal government were contentious.
As negociações de dívida regional entre estados e governo federal no Brasil foram contenciosas.
In Brazil, regional debt is a significant political and economic issue, particularly involving negotiations between state governments and the federal government. The term gained prominence during fiscal crises when several states faced severe debt crises, requiring federal intervention and restructuring agreements. This reflects the complex federalist structure of Brazilian governance where states maintain considerable autonomy but depend on federal transfers.
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