Programa de Aceleração do Crescimento
Encyclopedia
Programa de Aceleração do Crescimento (PAC) (in Portuguese
: Growth Acceleration Program) is a major investment
plan
of the Government of Brazil
. The plan was announced in 2007 by President Lula.
Government bureaucrats formed the PAC by assembling forecast investments by the Federal Government, state-owned companies and the private sector. In all, the PAC was expected to promote investments of 503.9 billion reais in construction
, sanitation
, energy
, transport
and logistics
in the 2007–2010 quadriennium. In response, opposition politicians have regarded the PAC as a publicity stunt
.
Regular meetings of the PAC have been conducted in many parts of the country, usually featuring the President's chief of staff
and presumed Workers' Party candidate for the 2010 presidential elections
, Dilma Rousseff
. These events have been criticized by opposition parties and media watchdogs for their promotional character in favor of Dilma Rousseff, ahead of the allowed time frame for candidates in the next elections.
The term PAC has become a catch-phrase, in Brazilian politics, to refer to other government planning activities in general.
Portuguese language
Portuguese is a Romance language that arose in the medieval Kingdom of Galicia, nowadays Galicia and Northern Portugal. The southern part of the Kingdom of Galicia became independent as the County of Portugal in 1095...
: Growth Acceleration Program) is a major investment
Investment
Investment has different meanings in finance and economics. Finance investment is putting money into something with the expectation of gain, that upon thorough analysis, has a high degree of security for the principal amount, as well as security of return, within an expected period of time...
plan
Planning
Planning in organizations and public policy is both the organizational process of creating and maintaining a plan; and the psychological process of thinking about the activities required to create a desired goal on some scale. As such, it is a fundamental property of intelligent behavior...
of the Government of Brazil
Brazil
Brazil , officially the Federative Republic of Brazil , is the largest country in South America. It is the world's fifth largest country, both by geographical area and by population with over 192 million people...
. The plan was announced in 2007 by President Lula.
Government bureaucrats formed the PAC by assembling forecast investments by the Federal Government, state-owned companies and the private sector. In all, the PAC was expected to promote investments of 503.9 billion reais in construction
Construction
In the fields of architecture and civil engineering, construction is a process that consists of the building or assembling of infrastructure. Far from being a single activity, large scale construction is a feat of human multitasking...
, sanitation
Sanitation
Sanitation is the hygienic means of promoting health through prevention of human contact with the hazards of wastes. Hazards can be either physical, microbiological, biological or chemical agents of disease. Wastes that can cause health problems are human and animal feces, solid wastes, domestic...
, energy
Energy
In physics, energy is an indirectly observed quantity. It is often understood as the ability a physical system has to do work on other physical systems...
, transport
Transport
Transport or transportation is the movement of people, cattle, animals and goods from one location to another. Modes of transport include air, rail, road, water, cable, pipeline, and space. The field can be divided into infrastructure, vehicles, and operations...
and logistics
Logistics
Logistics is the management of the flow of goods between the point of origin and the point of destination in order to meet the requirements of customers or corporations. Logistics involves the integration of information, transportation, inventory, warehousing, material handling, and packaging, and...
in the 2007–2010 quadriennium. In response, opposition politicians have regarded the PAC as a publicity stunt
Publicity stunt
A publicity stunt is a planned event designed to attract the public's attention to the event's organizers or their cause. Publicity stunts can be professionally organized or set up by amateurs...
.
Regular meetings of the PAC have been conducted in many parts of the country, usually featuring the President's chief of staff
Chief of Staff of Brazil
The Chief of Staff of the Presidency of the Republic is the highest-ranking member of the Executive Office of Brazil, and a senior aide to the President.In Brazil, the Chief of Staff is a member of the president's cabinet, with the rank of Minister....
and presumed Workers' Party candidate for the 2010 presidential elections
Brazilian general election, 2010
The first round of the Brazilian general election of 2010 was held on Sunday, October 3, 2010. The Presidency of the Republic, all 513 Chamber of Deputies seats and 54 out of 81 Federal Senate seats were contested in this election, along with governorships and state legislatures of all 26 states...
, Dilma Rousseff
Dilma Rousseff
Dilma Vana Rousseff is the 36th and current President of Brazil. She is the first woman to hold the office. Prior to that, in 2005, she was also the first woman to become Chief of Staff of Brazil, appointed by then President Luiz Inácio Lula da Silva....
. These events have been criticized by opposition parties and media watchdogs for their promotional character in favor of Dilma Rousseff, ahead of the allowed time frame for candidates in the next elections.
The term PAC has become a catch-phrase, in Brazilian politics, to refer to other government planning activities in general.