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

    Brazilian workers repairing road

    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:

    • 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    Your email address will not be published.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

    French See the Black and Indian of Brazil’s Roots

    As part of the Year of Brazil in France, Paris is receiving the Roots ...

    São Paulo flood

    After 44 Back-to-back Days of Rain São Paulo Goes in State of Attention

    São Paulo city, in the Brazilian Southeast, had today its 44th consecutive day of ...

    American WWII Plane Found in Brazil’s Amazon

    A Brazilian archeological team from the Joaquim Caetano da Silva Museum, in Macapá, capital ...

    Caveirão in a Brazilian favela

    Amnesty Pans Brazil’s Politics of Fear Against Poor

    Amnesty International criticized recently what it calls "political game-playing" in the debate over public ...

    Brazil’s Industry Output Is Up 3.2% Thanks to Exports

    Brazilian industrial production increased in 12 of the 14 areas included in the Regional ...

    Brazil Creates Technology to Fight Soybean Rust

    Brazil’s Ministry of Agriculture reports that it will spend US$ 565,000 (1.5 million reais) ...

    Brazil’s Poultry Exports Grow 44% Thanks to Asia and Middle East

    Brazilian poultry exports yielded US$ 2.6 billion last year, which represented an increase of ...

    Inside the Belly of Brazil’s Mysticism

    Life for Lucille Bellucci began in Shanghai, China, where she grew up during WWII ...

    Governor Arruda

    Brazil Arrests Brasília’s Governor and Federal Intervention Is a Possibility

    Brazilian police arrested on Thursday a key opposition party governor on bribery charges, potentially ...

    Letters

    Lesson number 1 I disagree with both, Ana Maria Bahiana (author of the book ...