General Behavior and Indebtedness of Tocantins-Brazil between 2000 and 2018
The aim of this study is to analyze the general behavior and indebtedness of Tocantins State in Brazil, between the years 2000 and 2018. In order to reach the results, short-and long-term indicators of debt, as well as the behavior of the indebtedness are estimated. Data were collected from government account, extracted from the sites of the Audit Office of National Treasury Secretary and from the Estate Secretary of Tocantins. This paper is grounded on Agency Theory applied to public sector, and on descriptive statistics techniques by means of dispersion measures. Results show trends in behavior of public indebtedness in Tocantins. The first and second ones reveal tendency to decrease in the second half of the year, and to increase in the first half of the year, depicting a larger debt than the State paying capacity. The second and third trends, although distinct indicators, converge due to the increase of the debt indicators between 2014 and 2015. Keywords: Indebtedness, Indicators, Public Account, Tax Liability Law, Tocantins.