adminstronger Brazil is to invest in overcoming poverty, guaranteeing home ownership, expanding employment, increasing education opportunities and improving our infrastructure and the competitiveness of our companies,” Rousseff said in a Christmas broadcast to the nation.
Early this month, the government said electricity rates would be slashed 16,7 percent in 2013, in line with a longstanding demand by domestic industrialists who complain that Brazil’s energy costs are among the highest in the world.
“The cut in electricity rates is fundamental to enable Brazilian industries to produce at lower costs, conquer markets and continue to generate employment,” said Rousseff.
Urging entrepreneurs to invest in the country, she said her government was committed to building new partnerships between the public and private sectors
She also pointed to a series of government steps to spur industrial growth.
Early this month, the government said electricity rates would be slashed 16,7 percent in 2013, in line with a longstanding demand by domestic industrialists who complain that Brazil’s energy costs are among the highest in the world.
Rousseff also pointed to a series of government steps to improve flagging industrial competitiveness.
Brasilia has announced huge investments in airport, highway, port and rail projects in partnership with the private sector to modernize the country’s creaking infrastructure and jumpstart a sluggish economy expected to grow a mere one percent this year.
It has also eased social charges in various sectors and reduced taxes on cars and home appliances. The president also noted that her administration managed to keep inflation under control and to create conditions to bring interest rates to a historic low.
“We have expanded credit to stimulate private investment and have cut taxes and interest rates,” she said. — AFP.
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