The Programa de Aceleração do Crescimento (Growth Acceleration Program), better known as PAC, is a major
infrastructure program of the
Federal government of Brazil
The Federal Government of Brazil (''Governo Federal'') is the national government of the Federative Republic of Brazil, a republic in South America divided in 26 states and a federal district. The Brazilian federal government is divided in thr ...
. The program was launched on January 28, 2007, by the
Lula da Silva administration, consisting of a set of
economic policies
The economy of governments covers the systems for setting levels of taxation, government budgets, the money supply and interest rates as well as the labour market, national ownership, and many other areas of government interventions into the e ...
and
investment projects with the objective of accelerating
economic growth in
Brazil
Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
. The program had a budget of $503.9 billion
reais
The Brazilian real ( pl. '; sign: R$; code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is the central bank and the issuing authority. The real replaced the cruzeiro real in 1994.
...
for the 2007-2010 ''quadriennium''. The
Rousseff administration has continued the program under the name PAC-2.
Program structure
![WorkSantoAntonio](https://upload.wikimedia.org/wikipedia/commons/b/bb/WorkSantoAntonio.jpg)
The Growth Acceleration Program forecasts investments by the
Federal government,
state enterprises and the
private sector
The private sector is the part of the economy, sometimes referred to as the citizen sector, which is owned by private groups, usually as a means of establishment for profit or non profit, rather than being owned by the government.
Employment
The ...
in
construction
Construction is a general term meaning the art and science to form Physical object, objects, systems, or organizations,"Construction" def. 1.a. 1.b. and 1.c. ''Oxford English Dictionary'' Second Edition on CD-ROM (v. 4.0) Oxford University Pr ...
,
sanitation
Sanitation refers to public health conditions related to clean drinking water and treatment and disposal of human excreta and sewage. Preventing human contact with feces is part of sanitation, as is hand washing with soap. Sanitation syste ...
,
energy
In physics, energy (from Ancient Greek: ἐνέργεια, ''enérgeia'', “activity”) is the quantitative property that is transferred to a body or to a physical system, recognizable in the performance of work and in the form of hea ...
,
transport
Transport (in British English), or transportation (in American English), is the intentional movement of humans, animals, and goods from one location to another. Modes of transport include air, land ( rail and road), water, cable, pipelin ...
and
logistics
Logistics is generally the detailed organization and implementation of a complex operation. In a general business sense, logistics manages the flow of goods between the point of origin and the point of consumption to meet the requirements of ...
. The program had an estimated budget of $503.9 billion
reais
The Brazilian real ( pl. '; sign: R$; code: BRL) is the official currency of Brazil. It is subdivided into 100 centavos. The Central Bank of Brazil is the central bank and the issuing authority. The real replaced the cruzeiro real in 1994.
...
for the 2007–2010 quadriennium.
PAC 2
PAC 2
was launched in March 2010 by President Dilma Rouseff. It was set up as a continuation of the original PAC, which was designed to last only four years. PAC 2 had a budget of R$1.59 trillion, and focused on the development of social and infrastructure sectors such as transportation, energy, health care, culture, and housing.
See also
*
Avança Brasil
References
External links
Official website
Public finance of Brazil
Government agencies of Brazil
Luiz Inácio Lula da Silva
{{Brazil-gov-stub