ADVERTISING

Latest Photo Galleries

Signs of Tension Signs of Tension

Published on 04/11/2016

Rio: a City in Metamorphosis Rio: a City in Metamorphosis

Published on 11/19/2015

Brazilian Markets

18h23

Bovespa

-2,94% 112.256

16h43

Gold

0,00% 117

17h00

Dollar

+1,67% 5,5110

16h30

Euro

+0,49% 2,65250

ADVERTISING

Brazilian Government Wastes US$ 46 Billion in Programs with No Return

07/23/2018 - 11h25

Advertising

JULIO WIZIACK
MAELI PRADO
FROM BRASÍLIA

A new study by Brazil's Institute for Applied Economic Research (Ipea) evaluated 20 subsidy programs carried out by the federal government.

In four of them the country has spent R$ 173 billion (US$ 46 billion) since the first Lula (PT) administration- their objectives, however, have not been reached.

The accumulated amount is more than the government's primary deficit last year: R$ 124 billion (US$ 33 billion). And it is still growing.

It is the first time that an agency connected to the government analyzes this type of expenditure - before it, incentives had been given without offset evaluation.

In the survey carried out for Folha, the programs assessed included the Investment Maintenance Program (PSI), Profrota Pesqueira, the relaxation of payrolls and the One Computer per Student Program (Prouca). The Ipea says the other programs showed some result - these include rural credit programs as well as the National Broadband Plan.

Translated by THOMAS MUELLO

Read the article in the original language

You have been successfully subscribed. Thanks!

Close

Are you interested in news from Brazil?

Subscribe to our English language newsletter, delivered to your inbox every working day, and keep up-to-date with the most important news from Brazil.

Cancel