Despite US$ 2 Bi Surplus Brazil’s Foreign Debt Still US$ 203.5 Bi

In the month of January, Brazil’s balance of payments (summarizing the country’s economic transactions with the rest of the world) achieved a US$ 2.005 billion surplus, in consequence of a US$ 818 positive balance in current transactions (flows involving goods and services) and a US$ 1.187 billion surplus in financial accounts (monetary flows between Brazil and the rest of the world).

These figures appear in a report on the Foreign Sector released Febuary 21 by the Central Bank (BC). Emphasis is given to last month’s US$ 2.183 billion trade surplus and the influx of US$ 1.218 billion in foreign investments.


The BC report also notes that Brazil’s international reserves rose US$ 1.087 billion in January, raising the total to US$ 54.022 billion.


According to the BC’s Economic Department, in November, 2004, Brazil’s foreign debt came to US$ 203.527 billion.


Federal Tax


Federal tax collections amounted to US$ 12.379 billion (31.990 billion reais) in January. Compared with January, 2004, this represented a nominal growth of 13.56%. When the figure is corrected for inflation, using the Broad Consumer Price Index (IPCA), the variation comes to 5.73%.


According to data from the Federal Revenue Department, the increased volume of sales in December, 2004, exerted a positive influence on revenue collections in January, since much of what is collected in one month reflects purchases made in the previous month.


Translation: David Silberstein
Agência Brasil

Tags:

  • Show Comments (0)

Your email address will not be published. Required fields are marked *

comment *

  • name *

  • email *

  • website *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Ads

You May Also Like

After Two Goals, “Fat” Ronaldo Is Again the Toast of Brazil

Ronaldo scored his 13th World Cup goal Thursday and surpassed Pelé as Brazil’s all-time ...

Brazil Confirms: Cuba on the Verge of Joining Mercosur

Cuba may become an associate member of the Mercosur as early as 2005, affirms ...

Brazilian Farmers Raise Goats in an All-Belongs-to-All Approach

In Santa Maria da Boa Vista, 611 kilometers (380 miles) away from the city ...

US and China Join Forces to Defeat Brazil and G4 at UN

China’s ambassador to the United Nations says Washington and Beijing have agreed to work ...

Currencies Swap Agreement Between Brazil and Argentina Postponed to August

Brazil and Argentina postponed the signing of a US$ 1.8 billion swap agreement that ...

Brazil’s Pantanal Wetlands Doomed to Disappear in a Few Decades

The growth of farming and cattle ranching in western Brazil could destroy the world’s ...

Brazil's stock market, Bovespa

Brazil’s Money and Stock Market Have Become the Planet’s Strongest

Martin Weiss, author of the investment newsletter Money and Markets. has just examined the ...

Close Ally of Brazilian President Loses Political Rights

A Brazilian court suspended the civil rights of Sao Paulo’s former mayor, Marta Suplicy, ...

Brazil’s Underwear Uses Flower Power to Seduce the World

Thirty percent of the annual production of one million items of lingerie made by ...