Spending Review of Brazil’s National Housing Initiative (PMCMV): Lessons for Ensuring Accountability in the Allocation and Expenditure of Government Funds
While financial audits of public expenditures are a cornerstone of government accountability, a critical dimension of public finance often escapes equivalent scrutiny: revenue losses through tax expenditures. In 2023–2024, Brazil’s Supreme Audit Institution (SAI Brazil), conducted an audit of federal tax benefits which revealed significant governance gaps and risks to fiscal sustainability.