Brazilian government set to invest billions
The Brazilian government is set to invest 92.3 billion reais (£23.3 billion) in the economy over the coming years
The proposed budget that is now with Congress for approval sees 18.8 billion reais (£4.8 billion) heading towards a growth acceleration investment package in 2007, as a part of a 30.2 billion reais programme.
Plans for 2008 from the federal government already have 62.1 billion reais (£15.6 billion) set aside for investment.
In total federal investment in Brazil is expected to increase by 21 per cent.
The budget has predicted growth for the economy of five per cent over the next 12 months with inflation staying below the target set by the nation’s central bank.
Investment in particular will be heading to Brazil’s state owned oil and gas company Petrobras and air travel, with airports and air traffic controllers to receive extra funding.
