Public Investment in Brazil Reaches US$ 3.9 Billion, a 22% Jump

Brazilian workers repairing road Public investments in Brazil in the first half of this year totaled 7.341 billion reais (US$ 3.9 billion), an increase of 22% over the same period of last year. Out of that total, 5.417 billion reais (US$ 2.8 billion) consist of commitments to be paid from last year's budget.

According to the secretary of the National Treasury, Arno Augustin, the figures point to an improved allocation of public expenditure, as investment expenditures are on the rise, and those with travels, accounts etc are decreasing. "Whenever investment grows more than expenditure, it is a positive element," he stated.

Another datum that the secretary regarded with enthusiasm is the fact that, despite being high, expenditures are increasing at a lower rate than revenues.

"The expenditure growth rate is evolving in a positive manner, i.e., it is lower than revenues, and it is lower than it was in the first months of last year."

According to the National Treasury report of accounts for the month of June, whereas revenues increased 2% more than recorded between 2005 and 2006, the expenditure growth rate has decreased by 1%.

In the first half of this year, revenues rose by 13.1% in comparison with the first half of 2006. Last year, a growth of 11.1% was recorded over 2005. The growth rate for expenditures was lower, rising from 13.9% between 2005 and 2006, to 12.7% in the first half of the current year.

ABr

Tags:

Ads

You May Also Like

Brazilian Indians Want You to Help Them Halt Hydroelectric in Sacred Land

The Paranatinga II hydroelectric power station is being built in a sacred site for ...

In Popularity List Brazil’s Lula Comes at the Top. Bush and Chavez at the Bottom

Brazil and Chile's presidents, Luiz Inácio Lula da Silva and Michelle Bachelet, are the ...

In New York, Lula Paints a Promising Brazil to Microsoft & Co.

Brazilian President Luiz Inácio Lula da Silva met today, in New York, with around ...

Petrobras to Invest US$ 18 Billion in Brazil’s Santos Basin

Brazilian state owned oil company Petrobras announced today that it will invest during the ...

How the Kyoto Protocol Is Helping Brazil to Clean Its Act

To use sanitary landfills to generate energy, to decrease environmental pollution, and to obtain ...

Brazil and Turkey Talk Trade and Middle East Peace

Luiz Inácio Lula da Silva, the president of Brazil and the Turkish prime minister, ...

Brazil’s Embraer Files Suit Charging Gulfstream with Stealing Its Employees

Brazil’s aircraft maker Embraer has filed a lawsuit against American-based Gulfstream, a manufacturer of ...

After Two Years Jobs Start to Fall in Brazil

In September, Brazilian industry interrupted a 2-year trend, when it had a higher number ...

Brazilian Airports Chaos Threatens Military Crisis

The decision of Waldir Pires, Brazilian Defense Minister, to open a direct dialog with ...

Brazil’s Gang Violence Die Down. Death Toll Stays at 170.

The gang violence that rocked Brazil’s prisons and its largest city for a week, ...