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By Ben Tavener, Senior Contributing Reporter

RIO DE JANEIRO, BRAZIL – Public spending in Brazil increased by 10.7 percent in 2012, according to figures revealed by the Integrated Financial Administration System (SIAFI), with the majority of this investment funding social programs, particularly through the health and education departments.

Among problems highlighted with stronger funding are lackluster performance by the economy, and the so-called "Brazil cost" - the panoply of negative factors that discourage companies from investing in Brazil.

In 2011, the government implemented 62 percent of investments that had been officially sanctioned; in 2012, just 40.1 percent of the . . .

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