Paulo
Minister out of Fund, Guido Mantega, as he announced the fresh new incisions in the 2011 funds, announced the incisions will not connect with 170.8 mil reais in the discretionary investing. Of one complete, million reais is actually for the new Expidited Development Program (PAC), that will actually increase several other 3.thirty five million reais, on account of congressional earmarks which have already been acknowledged.
Mantega explained that the cuts were not aimed at bringing the economy to its knees, but rather a?