Rousseff speaks up for fiscal adjustment and forecasts growth for year's end
President Dilma Rousseff said on Thursday (12), in Rio de Janeiro, that the economic growth is “an obsession”. Once again she recognized that the country is facing a difficult moment and pointed out that the fiscal adjustment is a way to improve public accounts without giving up social policies and the partnership with the productive sector. The president predicts that these measures will bring the nation back on track still this year.
Rousseff also talked about the need to encourage partnerships with the private sector as a means to boost investments. She further highlighted that as many as 38 private enterprises in the port area are underway, adding up to $3.53 billion.
During her speech at the opening ceremony of the expansion works at the Port Terminal of Rio de Janeiro, Rousseff said that the country has used up all of its resources in order to fight the 2009 economic crisis without having to make costs, like unemployment, spill over to the population. In her view, the measures adopted by the government, like subsidized credit and tax breaks, prevented the “violent reduction in the growth rate,” as was the case in several countries.
“We've directed to the public accounts the problems that would otherwise have fallen upon society, the workers,” she stated. From this moment onwards, she explained, other measures are necessary. “We're doing what everybody does when there's a problem at home: we're readjusting our accounts to maintain growth. We believe this will be achieved in the upcoming months, all the way to the end of the year.”
Rousseff also talked about the need to encourage partnerships with the private sector as a means to boost investments. She further highlighted that as many as 38 private enterprises in the port area are underway, adding up to $3.53 billion. As an example, she mentioned the partnership for the expansion of Rio's terminals.
“One of the most important consequences [of these investments] will be a new logistic map and the implementation of a number of alternatives, rationalizing transport costs” of airports, watercourses and highways in order to address bottlenecks and reduce the so-called “Brazil cost.”
Translated by Fabrício Ferreira
Fonte: Rousseff speaks up for fiscal adjustment and forecasts growth for year's end
