摘要：The main goal of this paper is to describe Northeast, North and Mid- West Constitutional Financing Fund loans by municipalities, investigating if the resources allocations of the funds are concentrated in the most dynamics municipalities and if there are concentration loans for groups of municipalities. In this investigation, among other analyses, we describe the fund resource supply and loans by municipalities. The main conclusion of this paper shows that the Constitutional Financing Fund loans have not been directed to the poorest municipalities.
其他摘要：The main goal of this paper is to describe Northeast, North and Mid-West Constitutional Financing Fund loans by municipalities, investigating if theresources allocations of the funds are concentrated in the most dynamicsmunicipalities and if there are concentration loans for groups of municipalities.In this investigation, among other analyses, we describe the fund resource supplyand loans by municipalities. The main conclusion of this paper shows that theConstitutional Financing Fund loans have not been directed to the poorestmunicipalities.
