Since the indicator of own savings, traditionally used in the analysis of local finances, does not consider the dynamic local economy represented by the degree in which the municipality participates in the ICMS (taxation on merchandises), as an element capable of generating savings, it becomes, consequently, unable to measure the real capacity of these governmental spheres to create their own savings.Indicador de capacidade de poupança própria. Finanças municipais. A dinâmica economia local como elemento gerador de poupança.