Brasília – The final report of the 2011 Budget forecasts 171 billion reals (US$ 96.8 billion) for investment. The value is 7.6% greater than forecasted in the project initially sent to the Congress by the government, as parliamentary amendments totalled 12.1 billion Brazilian reals (US$ 6.8 billion). The document was delivered yesterday (19) by senator Serys Slhessarenko.
The estimate is that 107.5 billion reals (US$ 60.9 billion) in investment should be made by state-owned companies. As the senator herself had already warned, the proposed increase of the minimum wage was maintained at 540 reals (US$ 306).
Serys included 1 billion reals (US$ 566 million) in the reserve for the Family Purse. The Ministry of Social Development and Hunger Alleviation should be in charge of the fund and may use it to increase the number of welfare receivers of the Family Purse or to increase the value of the disbursement. This reserve represents an increase of up to 7.4% in the 13.4 billion reals (US$ 7.6 billion) forecasted for the program next year.
The financial report confirms the reduction of 3 billion reals (US$ 1.7 billion) in expenses, not specifying areas, as had been called for by the Executive power, and establishes total spending at 2.07 trillion reals (US$ 1.2 trillion), forecasting equal revenues. With debt financing alone, expenses should total 678.5 billion reals (US$ 384.2 billion). That leaves 1.39 trillion (US$ 787 billion) for investment in maintenance of federal organisations.
Expenses with personnel, already considering the salary increases of ministers and congressmen should reach 199.8 billion reals (US$ 113.1 billion), growth of 19.7% over the 166.8 billion reals (US$ 94.4 billion) reserved for 2010.
The senator’s report will be analysed and voted in the Mixed Budget Committee.
*Translated by Mark Ament
