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 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 ec ...

and investment projects with the objective of accelerating

economic growth Economic growth can be defined as the increase or improvement in the inflation-adjusted market value of the goods and services produced by an economy in a financial year. Statisticians conventionally measure such growth as the percent rate of ...

in Brazil. The program had a budget of $503.9 billion reais for the 2007-2010 ''quadriennium''. The Rousseff administration has continued the program under the name PAC-2.

Program structure

The Growth Acceleration Program forecasts investments by the Federal government,

state enterprises State may refer to: Arts, entertainment, and media Literature * '' State Magazine'', a monthly magazine published by the U.S. Department of State * ''The State'' (newspaper), a daily newspaper in Columbia, South Carolina, United States * ''Our ...

and the private sector in construction, sanitation, energy,

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. The program had an estimated budget of $503.9 billion reais 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.

References

External links

Official website
Public finance of Brazil Government agencies of Brazil Luiz Inácio Lula da Silva {{Brazil-gov-stub

Program structure

PAC 2

See also

References

External links