Programa de Aceleracão do Crescimento (PAC)

Programa de Aceleracão do Crescimento (PAC)

2007

2010

Infrastructure investment

Distributive

Encourage public and private investments in large-scale infrastructure, institutional development, fiscal, and tax exemption projects, especially in upgrading slums

i) creation of the Infrastructure Investment Fund (Law 11,478 / 2007); ii) establishment of the Special Regime for Incentives for the Development of Infrastructure (Law 11,488 / 2007); (iii) simplification of mechanisms to expedite the transfer and accountability of program resources to states and municipalities (Law 11,578 / 2007); and iv) the creation of public positions with qualifications focused on specialized activities in the area of ​​engineering (Law 11,539 / 2007). The economic measures that deserve mention are: i) expansion of the Caixa Econômica Federal credit limit for investments in sanitation (Law 11,485 / 2007); ii) creation of the Infrastructure Investment Fund with funds from the FGTS (Law 11,491 / 2007); iii) increase of the liquidity of the Residential Leasing Fund (FAR); reduction of long-term interest rates; iv) reduction of BNDES banking spreads to the infrastructure, logistics and urban development sectors; v) amendment of the Budget Guidelines Law, reducing the surplus for the execution of the Investment Pilot Projects (Law 11,477 / 2007); and (vi) expansion of budgetary resources for PAC investments in sanitation and the limits for the contracting of credit operations with public borrowers for sanitation (National Monetary Council resolutions 2,827 and 3,437) (BRASIL, 2008a, pp. 10 and 11).

Completed

Ministry of Urbanism and/or Urban Planning and/or Housing, State/Regional Government