Clipping of news on Brazilian Culture, Law and Citizenship
25/08/2010
This article was translated by an automatic translation system, and was therefore not reviewed by people.
To ensure the pace of growth of lending for home purchases by low income and direct resources for paving urban roads, the Board of Trustees of the Guarantee Fund of Time (FGTS) decided on Tuesday to strengthen additional R$ 6 billion financial transfers to the housing programs and urban infrastructure. Thus, the budget for housing rose from R$ 20 billion to R$ 23 billion. Have the resources allocated to urban infrastructure increased from R$ 8 billion to R$ 11 billion.
Although additional release was passed on the eve of presidential elections, Vice President of Government Funds and Lotteries Caixa Economica Federal, Joaquim Lima, explained that the entry, usually in August, is a revision of how is the release of financing with FGTS to check whether there is need for additional resources. "Since we made these revisions in August. Nothing has changed" he said, stressing that a further meeting of the Board of Trustees FGTS only happen in late October.
In the case of housing, said Lima, the principal line of credit had a budget of R$ 10.1 billion for the year. "I was hired R$ 8 billion of that line. At the rate they're releasing the remaining resource would end in 30 days. So we decided to take a supplement of R$ 3 billion, which should suffice to meet demand until the end the year, "said the vice president of CEF. With this extra feature, Lee stressed that it is enough to finance 75,000 housing units.
INFRASTRUCTURE - The other R$ 3 billion in additional FGTS will be allocated to the Program Infrastructure Transport and Urban Mobility - Pro-Transportation, which will enable the inclusion of projects for paving and Qualification of Urban Pathways. For the first time that program resources are released for paving urban roads with a focus on works of the Growth Acceleration Program (CAP). According to Lima, the appeal will be passed on to the box, but the hiring should happen only after the elections on October 3. That's because the bank will begin from now to select the projects to be assisted.
According to data from the CEF, with the contribution of R$ 6 billion, the new budget for lending operations in Public Housing and Infrastructure Urban Environmental Sanitation is R$ 41.5 billion. Added to the budgets already set for applications in the FI-FGTS, discounting and investment in the Managed Portfolio of Housing, Urban Environmental Sanitation and Infrastructure, the total budget reaches record high of R$ 71.6 billion.
Source: State Agency
Source: JC Online - Jornal do Commercio
This article was translated by an automatic translation system, and was therefore not reviewed by people.