Brazil’s Accumulated Federal Investment Spending Drops 16.3 Percent This Year

Investments total R$35.2 billion (US$8.8 million) from January to November.

RIO DE JANEIRO, BRAZIL - Amid the growth in compulsory spending, investments - construction and equipment purchases - accumulated a drop in 2019.

According to figures released yesterday, December 27th, by the National Treasury, investments totaled R$35.2 billion from January to November, down 16.3 percent in relation to the same period last year, discounting official inflation as measured by the Broad National Consumer Price Index (IPCA).

Expenditures with the Growth Acceleration Program (PAC) totaled R$18.734 billion from January to November, a 17.8 percent drop over the same months last year, discounting inflation. Expenditures on the '

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