The Latin American giant revives the PAC, an initiative of the previous government of Luiz Inácio Lula da Silva and bets on combined public and private investment.
He brazilian government reported that the new “growth acceleration program“that this Friday will be announced by the president Luiz Inacio Lula da Silva will include a total of 1.7 trillion reais (US$347,470 million) in investments in all states.
The program, known as CAPtakes up an initiative of the same name initially presented by Lula in 2007, in a previous mandate, to promote the investments in sectors such as energy, logistics, and urban and social infrastructure.
The program was later expanded with her successor, former president Dilma Rousseff. Critics say it was a substantial expense that exacerbated the fiscal crisisat the same time that it did not bring about fundamental changes in the infrastructures.
Relaunch of the PAC in Brazil: this is how it will be
But the government said its new version would be marked by a “strong association” between the public and private sectors.
According to a statement, the federal government will invest 371,000 million reaiswhile state companies, such as the Petrobras oil company, will contribute 343,000 million.
He private sectorhe added, will invest a total of 612,000 million reaiswhile another 362,000 million will be used for financing.
The program intends “create employment and generate incomereducing social and regional inequalities in an effort linked to the ecological transition,” the government said.
Source: Ambito
