The Minister of the Civil House, Rui Costa, announced that the federal government will launch a new Growth Acceleration Program (PAC). According to him, the initiative will have a new name and the deadline is until the end of April. The definition was made this Friday (10), in a ministerial meeting at the Planalto Palace with President Luís Inácio Lula da Silva (PT).
The head of the Civil House said that the new PAC will not only start new works, but will complete the unfinished ones across the country, which, according to Rui, date back to the period when Dilma Rousseff (PT) was president. They are mainly in the field of education.
“Only in the area of education, there are about four thousand paralyzed works. These four thousand works, just the ones that are started, we have an estimate of something around R$ 4 billion, and we will, therefore, make an MP to enable the conclusion especially of these works of education”, he said.
In addition, the program will also focus on public/private partnerships (PPPs), which, in the minister’s assessment, can attract national and international investment, due to the model and guarantees that the sector can provide, since it is a regular tariff sector and monthly.
The so-called “means” ministries also participated in the meeting with Lula. Some of them were the Ministry of Communications and the General Secretariat of the Presidency. The objective was to deal with investments and financed plans, in addition to the return of regional funds, such as Banco do Nordeste.
Rui Costa announced that, next Tuesday (14), the meeting will announce the new plan. “We are going to present the new investment plan that will also include investments in the social area”, explained the minister.
At the end of the press conference, Rui Costa commented on the interest rate. In the view of the head of the portfolio, the current rate of 13.75% prevents public/private investment. In addition, he stated that Brazil has the highest real interest rate in the world.
“Brazil — which needs jobs, which needs to work, which needs to produce in industry, which needs to sell in commerce — is anxious in anticipation of seeing the interest rate reduce, so that the reduction of this interest rate can make it viable and put foot projects”, he added.
*Under the supervision of Brenda Silva
Source: CNN Brasil
I am an experienced journalist, writer, and editor with a passion for finance and business news. I have been working in the journalism field for over 6 years, covering a variety of topics from finance to technology. As an author at World Stock Market, I specialize in finance business-related topics.
