• Categories
  • Archives

Brazil: Economic Policy to Be Kept Despite the Pain

Brazil’s presidential Chief of Staff (ministro chefe da Casa Civil), José Dirceu, in remarks at the Industrial Federation of Rio de Janeiro (Firjan), declared that Brazil should come in with GDP growth of more than the 4% forecast for this year and strong growth should continue in the near future.

“Today Brazil is going through a special phase of economic growth which should become sustainable. However, we need to maintain the present economic policy in spite of the burden that policy places on the people, especially the most needy. The country is running a high rate of unemployment, which tends to rise to around 10 million,” declared Dirceu.

The Minister assured his listeners that the government will maintain its trade surplus targets and provide the export sector with promised support. He also said the administration would keep public debt under control.


Dirceu added that state-run banks, such as the BNDES (Development), Caixa (Mortgage and Savings) and Banco do Nordeste (Northeast), were being revamped to respond to the need to provide support for sustainable development.


Dirceu also announced that US$2.4 billion (7 billion reais) would be earmarked annually for basic sanitation projects.

Finally, Dirceu emphasized the need to create jobs, saying that the sacrifice of the last few years would be compensated for. He concluded by saying that the country has to be determined to grow over the next decade or two in a continuous, secure manner.

Agência Brasil
Reporter: Nielmar Oliveira
Translator: Allen Bennett

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

Brazil’s Lula Proposes 17% Raise in Minimum Wage

Brazilian President Luiz Inácio Lula da Silva decided to raise the monthly minimum wage ...

Brazilian women protest against Bush

Will the Sudden US-Brazil Romance Last? It Will Depend on Terror Factor

In the several pound issue of last Sunday’s Washington Post (3/11/07), President Bush’s Latin ...

Brazilian Industry Laments Palocci’s Resignation and Calls for Serenity

Brazil’s National Industrial Confederation (CNI) lamented this Monday, March 27, the resignation of Antonio ...

The Chinese Are Coming to Brazil

A Chinese mission from Guangzhou municipality visited Recife, capital of the state of Pernambuco, ...

Why My Fellow Brazilian Expats Should Head Back Home to Brazil

When did Brazilians become so afraid of adapting? We constantly hear our fellow Brazilians ...

Brazil’s Yes to Uruguay-US Pact Really Means No

Despite the difficulties of the U.S. Congress to pass Free Trade Agreements (FTA) due ...

Brazil: Rio Fears Sports Complex Won’t Be Ready for Pan-American Games

Despite construction delays at the sports complex that will be the headquarters of next ...

Brazil Tells US that WTO Comes Before FTAA

Negotiations within the scope of the World Trade Organization (WTO) and agreements with developing ...

Out of Asia Brazil Becomes World’s Top Rice Consumer and Producer

Brazilian exports of rice from March to August totaled 560,000 tons. The result is ...

Mike, the robot created by Brazil's FEI students

Brazil Holds Fair to Promote Robots in Industry and Schools

The International Robotics and Artificial Intelligence Fair, which will start tomorrow, April 11, at ...