It analyzes the effect of the process of fiscal decentralization, realizadoatravs of Inter-governmental transferences, on the municipal finanaspblicas, evidencing that the redistributivos effect fiscal dofederalismo result in important theoretical questions queressaltam the functionality that the transferences economically intergovernamentaiscumprem in the process of accumulation and economic growth of the developed regiesmenos. The empirical test was carried through nosmunicpios of this state, taking as reference the period de2001-2007. The pointers had almost evidenced the existence of acentuadadependncia with regard to the transferences in all the cities, arriving the 100% in the micron and small analyzed cities, ouseja, a low degree of proper support in these cities. Porfim, was verified the composition of the intergovernamentaisrepassadas transferences to the cities for sources of the Union and the State. Conclude-it dries although the views, exists one constant quandary, of the effort dosgrandes cities in exploration of proper resources, aumentocrescente of the public services and budgetary insufficiences eelevao of the poverty index, on the other hand of the pequenosmunicpios, that receive greater have left of the resources of transferences, noentanto oppose the efforts of proper collection and eficinciaeconmica. PALAVRAS-CHAVES: Fiscal decentralization; transfernciasintergovernamentais; cities INTRODUCTION In the Brazilian reality, no longer beginning, the decentralization was not born of a deliberate macroeconomic strategy, in contrast, the fiscal decentralization was initiated here and sped up in way to an extremely adverse scene, of crisis politics, economic and social. e here. The characteristic factors of the process of decentralization in the Brazilian context, englobam periods of constant changes, where if they observe scenes of centralizations later and decentralizations, repeating process, until the current scene of advance of the decentralization, gone deep with the 1988 constitution, promoting diverse changes in the Brazilian fiscal federalism, being consolidated in the first half of years 90. The phenomenon of the fiscal decentralization assumes the reinforcement of the local instances of government and has as objective to approach the governmental management of the citizens. .