{{Infobox government agency | name = Growth Acceleration Program | native_name = {{langx|pt|Novo Programa de Aceleração do Crescimento}}, '''Novo PAC''' | type = Development program | logo = NovoPAC.png | formed = {{start date and age|df=y|2007|01|28}} | preceding1 = PAC | preceding2 = PAC 2 | jurisdiction = Federal government of Brazil | motto = {{langx|pt|Desenvolvimento e sustentabilidade}} | budget = R$60 billion | chief1_name = Luiz Inácio Lula da Silva | chief1_position = President of Brazil | website = https://www.gov.br/casacivil/pt-br/novopac }} {{Luiz Inácio Lula da Silva sidebar}} {{Lulism}} {{Use dmy dates|date=January 2024}}
The '''Programa de Aceleração do Crescimento''' (Growth Acceleration Program), better known as '''PAC''', is a major infrastructure program of the Federal government of Brazil. The program was launched on January 28, 2007, by the Lula da Silva administration, consisting of a set of economic policies and investment projects with the objective of accelerating economic growth in Brazil. The program had a budget of $503.9 billion reais for the 2007-2010 ''quadriennium''. The money pledged to be spent on this program was to be around R$ 500 billion (US ${{To USD round|500|BRA|year=2007|sf=2}} billion) over four years. However, by 2010 many projects remained mired in bureaucracy, and only 11% of the projects outlined in the plan had been completed, while just over half had not even been launched.<ref name="auto26">{{Cite news|url=https://www.wsj.com/articles/SB10001424052748704743404575127913634823670|title=For Brazil, It's Finally Tomorrow|first=Paulo|last=Prada|newspaper=WSJ }}</ref>
The Rousseff administration continued the program under the name '''PAC-2'''. Following the 2022 Brazilian general election, Luiz Inácio Lula da Silva reformed the program under the name '''Novo PAC''', having a total investment of R$1.7 trillion, with R$1.3 trillion being invested by 2026.<ref>{{Cite web |last=fernandoprandi |date=2023-12-14 |title=Novo PAC soma R$ 1,7 trilhão em investimentos e conta com parceria do setor privado |url=https://www.infomoney.com.br/politica/novo-pac-soma-r-17-trilhao-em-investimentos-e-conta-com-parceria-do-setor-privado/ |access-date=2024-01-28 |website=InfoMoney |language=pt-BR}}</ref><ref>{{Cite web |date=2023-09-27 |title=Novo PAC: Lula lança edital de R$ 65,5 bi em recursos para municípios |url=https://agenciabrasil.ebc.com.br/economia/noticia/2023-09/novo-pac-lula-lanca-edital-de-r-655-bi-em-recursos-para-municipios |access-date=2024-01-28 |website=Agência Brasil |language=pt-br}}</ref>
==Program structure== [[File:WorkSantoAntonio.jpg|right|thumb|230px|Construction work, with PAC funds, of the future Santo Antônio Dam, in Rondônia.]] The Growth Acceleration Program forecasts investments by the Federal government, state enterprises and the private sector in construction, sanitation, energy, transport and logistics. The program had an estimated budget of $503.9 billion reais for the 2007–2010 quadriennium.<ref>[https://www1.folha.uol.com.br/folha/dinheiro/ult91u113888.shtml ''Com PAC, governo espera investimento de R$ 504 bi até 2010 ''] Folha de S.Paulo. Retrieved on 2012-03-29. {{in lang|pt}}.</ref> The money pledged to be spent on this program was to be around R$ 500 billion (US ${{To USD round|500|BRA|year=2007|sf=2}} billion) over four years. However, by 2010 many projects remained mired in bureaucracy, and only 11% of the projects outlined in the plan had been completed, while just over half had not even been launched.<ref name="auto26">{{Cite news|url=https://www.wsj.com/articles/SB10001424052748704743404575127913634823670|title=For Brazil, It's Finally Tomorrow|first=Paulo|last=Prada|newspaper=WSJ }}</ref>
== PAC 2 == PAC 2<ref>{{Cite web|url=http://www.planejamento.gov.br/servicos/faq/pac-programa-de-aceleracao-do-crescimento/visao-geral/qual-a-diferenca-entre-pac1-e-pac2|title=Qual a diferença entre PAC1 e PAC2? — Ministério do Planejamento, Desenvolvimento e Gestão|website=www.planejamento.gov.br|language=pt-br|access-date=2017-05-17}}</ref> was launched in March 2010 by President Dilma Rousseff. It was set up as a continuation of the original PAC, which was designed to last only four years. PAC 2 had a budget of R$1.59 trillion, and focused on the development of social and infrastructure sectors such as transportation, energy, health care, culture, and housing.
== New PAC == On 11 August 2023, the Federal government of Brazil launched the '''Novo PAC''', having a total investment of R$1,68 trillion, with an estimated R$1,3 trillion being invested by 2026,<ref>{{Cite web |date=2023-08-11 |title=Lula lança novo PAC com investimento de R$ 1,7 trilhão. Veja a lista de obras e valores por estados |url=https://oglobo.globo.com/economia/noticia/2023/08/11/pac-sera-lancado-hoje-com-investimento-de-r-17-trilhao.ghtml |access-date=2024-01-28 |website=O Globo |language=pt-br}}</ref> with an annual investment of R$60 billion.<ref>{{Cite web |date=2023-07-26 |title=Novo PAC será lançado em 11 de agosto com previsão de investimento anual de R$ 60 bilhões |url=https://www.brasildefato.com.br/2023/07/26/novo-pac-sera-lancado-em-11-de-agosto-com-previsao-de-investimento-anual-de-r-60-bilhoes |access-date=2024-01-28 |website=Brasil de Fato |language=pt-BR}}</ref> The new program has a focus on investments in infrastructure and social areas such as healthcare, education, sustainability, and transportation.<ref>{{Cite web |title=Novo PAC |url=https://www.gov.br/casacivil/pt-br/novopac/novopac |access-date=2024-01-28 |website=Casa Civil |language=pt-br}}</ref><ref>{{Cite web |last=Rittner |first=Daniel |title="Novo PAC" terá mais de mil projetos e exigência de conteúdo nacional em obras |url=https://www.cnnbrasil.com.br/economia/novo-pac-tera-mais-de-mil-projetos-e-exigencia-de-conteudo-nacional-em-obras/ |access-date=2024-02-02 |website=CNN Brasil}}</ref>
==See also== *Avança Brasil
==References== {{Reflist}}
==External links== *[https://web.archive.org/web/20120311072503/http://www.brasil.gov.br/pac/ Official website] {{in lang|pt}}
{{Economy of Brazil}} {{authority control}} {{Brazil-gov-stub}}
{{DEFAULTSORT:Programa De Aceleracao Do Crescimento}} Category:2007 establishments in Brazil Category:First presidency of Luiz Inácio Lula da Silva Category:Government agencies of Brazil Category:Public finance of Brazil