Sunday, 7 December 2014

Brazil celebrates it's strong economy and social development

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Brazil celebrates it's strong economy and social development

08 December, 2014, BrazilUSA NEWS CORP

Minister highlighted proud to have led the economy and deliver country with the lowest unemployment rate history. "We are no longer a fragile economy and little recognized to become the seventh in the world economy. We are a solid country, respected and one of the protagonists in the international arena, "the statement was given by the Minister of Finance, Guido Mantega, in honor received by the Brazilian Academy of Accounting (ABRACICON) in Brasilia. According to the minister, in the early 2000s the Brazilian economy was shaken and the social condition of the country was precarious. "There were less than $ 18 billion of its own reserves, which barely enough to pay two months of imports. The government coffers were empty, "summed up. In this scenario, he said, it was important to act boldly. "We rolled up our sleeves and implement an economic and social development project that accelerated growth, generated more than 20 million formal jobs and created more human conditions, especially for the poorest segments of Brazilian society," he said. Among the actions of greatest impact government, Mantega cited the unprecedented combination of economic and social activities, such as the Growth Acceleration Program (PAC), industrial policy, My House, My Life and the Family Grant. This enabled the growth of per capita income in Brazil by about 30% over the last 12 years. Have poverty fell from 34% of the population to 15%. The implanted policies have, according to Mantega, the country was better prepared to face the crisis from 2008. "International reserves exceeded $ 200 billion, the rock solid fiscal situation and the strong domestic market. For the first time in many decades Brazil has not fell in front of an international crisis, "he concluded. According to the minister, the crisis is nearing its end. "With the world improving in the coming years, Brazil has all the conditions to engage a new cycle of growth and generation of employment and income."





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