This paper analyzes the Brazilian policy of financing school through special funds (FUNDEF and FUNDEB), and discusses its effects on the educational offer by states and municipalities. Special attention is put on the newly (2007) approved FUNDEB (Fund for the Maintenance and Development of Basic Education) and its main characteristics and impacts on education quality. Finally, the great challenges to improve public school quality are also discussed.
Educational funds; FUNDEB; FUNDEF; Quality education
