Brasília – On completing its first year in existence, the second phase of the Growth Acceleration Programme (PAC 2) has executed R$ 204 billion (US$ 117 billion) – 21% of the R$ 955 billion (US$ 546 billion) forecasted for the 2011-2014 period. According to the balance sheet, presented on Wednesday (7) by the Federal government, the total value of completed activities is R$ 142.8 billion (US$ 81.7 billion), of which R$ 127 billion (US$ 72.6 billion) were executed in 2011 (17.9% of the R$ 708 billion (US$ 405 billion) forecasted by 2014).
The balance sheet shows that funds from the Union’s General Budget totalled R$ 28 billion (US$ 16 billion) up to December 31st, 2011. This represents growth of 27% in comparison with 2010 and 284% over 2007, the year in which the first PAC was released.
Funds invested grew 19% between 2010 and 2011, rising from R$ 29.7 billion (US$ 17 billion) to R$ 35.4 billion (US$ 20.2 billion). In comparison with 2007, the growth was 121%.
*Translated by Mark Ament
