Brazil prepares measures to fuel 5% GDP growth, Estado says

Jessica Brice – Bloomberg, 11/27/2011

Brazil’s government is putting together an investment package for 2012 as part of a plan to fuel gross domestic product growth of 5 percent, Estado de S. Paulo reported, without saying where it got the information.

As part of the package, the government may cut taxes on investments in telecommunications infrastructure equipment, the Sao Paulo-based newspaper said. The Ministry of Communications estimates the tax exemption would boost investments by 20 billion reais ($10.6 billion) from 2012 to 2016, Estado said.

The package also includes plans to auction new road and airport concessions, Estado said.

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