Brasília – In the document of the fourth balance of Growth Acceleration Programme (PAC) 2, the government of Brazil evaluates that the perspectives of the economy remain relatively uncertain. According to the analysis, the gravest aspect of this phase of the crisis, which began in 2008, is that emerging countries, like Brazil, will feel the effects of lower international trade, of instability of foreign currency flows, of deterioration of expectations of businessmen and consumers and also of the reduction of growth of economic activity.
Even in the face of this scenery in the countries considered advanced, the government defines that the economy of Brazil has started giving signs of vigour. In the document, technicians point out that the PAC is a "central component to follow this trajectory of growth centred mainly on better living conditions for the population.” Due to the crisis and to the advances obtained by Brazil, the government defends that the PAC continue as an essential instrument to guarantee that investment be one of the main forces boosting development of the country.
The balance of the PAC was disclosed on Thursday (26) at the Planning Ministry. The document points out that, due to the deceleration of the global economy, the government of Brazil has been acting continually with stimulus measures both for consumption and for the greater competitiveness of the economy. Among the measures, government technicians point out the reductions in taxes and the increase in funds to finance investment, with lower interest rates.
To the government, there is no contradiction between growth in consumption and greater investment. For this, informed the Planning Ministry, the country has a broad set of economic policy instruments, like flexing the fiscal policy and increasing revenues due to a greater formal economy.
In the evaluation of the ministry, Brazil is under a new and promising economic matrix, which is important for investment, production and employment. The document points out that the advances do not threaten inflation, which, in the government’s expectations, should follow a decreasing trajectory.
*Translated by Mark Ament
