Brazilian economy to expand 4.5 pct in 2010, government says

2 September 2009

Sao Paulo, Brazil, 2 Sept – The Brazilian economy is expected to post growth of 4.5 percent in 2010 according to a projection from the Government in its budget proposal sent Monday for analysis to the National Congress.

“We almost projected 5 percent, but we thought that 4.5 percent would be more prudent,” said the minister for Planning, Paulo Bernardo, who was responsible for drawing up the budget.

The minsiter noted that the proposalm “has na optimistic view of the economy’s performance in 2010.”

The government’s budget included total revenues of 853 billion reals (316 billion euros) and expenditure of 802 billion reals (297 billion euros).

Next year official investments in infrastructure are expected to total 46 million reals (17 billion euros), a rise of 18 percent against 2009.

State companies are expected to invest a further 97 billion reals (35.9 billion euros), a rise of 18 percent year on year.

The budget proposal projects inflation of 4.33 percent in 2010, which is a similar level to this year. (macauhub)