Arnaldo Galvao – Bloomberg, 06/26/2012
Brazil will step up efforts to favor local suppliers in government purchases in a bid to revive flagging economic growth, according to two government officials.
As part of a package of measures worth 5 billion reais ($2.4 billion), the government will announce tomorrow that it will channel spending by the education, health and defense ministries to Brazilian manufacturers who are being hurt by a slowdown in growth, according to the officials, who spoke on condition of anonymity because the plan hasn’t been announced.
Trade Minister Fernando Pimentel told reporters in Sao Paulo today that the government would announce tomorrow measures to boost investment in select industries. He did not provide details.