FIESP: Corruption in Brazil worth 2.3 trillionStaff writer ▼ | December 3, 2013
FIESP (Federation of Industries of Sao Paulo State) states that the average annual cost of corruption in the country is between 1.38% and 2.3% of GDP, which the World Bank in 2012 estimated at$ 2.3 trillion.FIESP (Federation of Industries of Sao Paulo State) states that the average annual cost of corruption in the country is between 1.38% and 2.3% of GDP, which the World Bank in 2012 estimated at$ 2.3 trillion.
If the numbers of the FIESP study are to be believed, just in 2013 something between 32 billion and 53.1 billion dollars can be accounted as corruption money, which gets out of circulation that hits growth.
If that money was invested in Brazil's precarious education system, the number of Brazilian students enrolled in elementary school could be improved from its current 34.5 million to 51 million.
Should that money be invested in the public health system, the number of beds available in Brazil's public hospitals could almost double, from 367.397 to 694.409. That same money could house more than 2.9 million Brazilian families, and if invested in sanitation it could reach an additional 23.3 million households that aren't on the public sewer system.
As for Brazil's infrastructure system, the money diverted from public funds could be used to build 277 new airports in the country, a much needed help considering that it is under scrutiny as it prepares to host the 2014 FIFA World Cup and the 2016 Summer Olympics, with both events requiring advances in airport capacity and efficiency. ■