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:

Ads

You May Also Like

Gilberto Gil Among Brazilians at Lebanon’s International Music Festival

Brazilian artists are among the highlights of the international music festivals to take place ...

April 1993

CONTENTS: Cover: On the new orthography front (p. 7) Carnaval: The best sambas-enredo (p. ...

A sign protesting Bush's visit to Brazil

Protests and Toughest Security Scheme Ever Await Bush in Brazil

Brazilian social movements and workers unions are vowing to bring thousands of people to ...

US Is Buying Less from Brazil

Although the US remains Brazil’s biggest trade partner, it is buying fewer Brazilian goods. ...

Brazil at a Crossroad: Without Money and Unwilling to Privatize Roads

Brazilian highways are the main routes of access to all four corners of the ...

RAPIDINHAS

By Brazzil Magazine Showbiz Peeled to the Soul She’s been called Leoa do Norte ...

Brazil, a Superpower in Agriculture, Flexes Muscle and Scares US

Although the United States is often described as the world’s lone superpower, former US ...

Flags from India, Brazil and South Africa (IBSA)

India-Brazil-South Africa: the US$ 1 Trillion Bumbling Gorilla

In the face of mounting pressures to develop an alternative option to globalization – ...

High Costs Don’t Deter Brazilians from Traveling

A survey by Brazil’s Ministry of Tourism has found that four out of every ...

Brazil Opens Website for Complaints Against Kid Porn and Pedophilia

The Hotline Brazil website, where people can denounce instances of child pornography and pedophilia, ...