* Mantega says investment key to secure solid growth
* Gov't estimates it gave $22 bln in tax breaks this year
RIO DE JANEIRO Nov 12 The Brazilian economy
could grow more than 4 percent in 2013 as investment picks up
after the government gave about 45 billion reais ($21.95
billion) in tax breaks to businesses this year, Finance Minister
Guido Mantega said Monday.
"We are speeding up growth of the Brazilian economy in the
second half so that we can enable the economy to grow more than
4 percent in 2013," Mantega said at a shipbuilders event in Rio
de Janeiro. "For that to happen we need investment to grow
between 8 to 10 percent next year compared to this year."
He said the Brazilian government likely gave billions of
reais in tax breaks to companies to keep investing in Latin
America's largest economy.
The Brazilian economy is showing signs of life after a year
of near zero growth due to weakening industrial output at home
and a sharp slowdown abroad. Some analysts say President Dilma
Rousseff's government still has to do more to raise anemic
investment levels in Brazil.