• Categories
  • Archives

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Your email address will not be published.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

Brazil Urges Obama to Tighten the Vise on Honduras to Get Zelaya Back

The President of Brazil, Luiz Inácio Lula da Silva, and ousted Honduran President Manuel ...

Funny Name of Brazil’s Azalí©ia Shoe

Azaléia, one of the largest shoe companies in Brazil, announced the launching of a ...

Something Is Wrong in the State of Brazil

Something is wrong. Something is wrong with a country when you wake up and ...

Spring-Summer Season for Women’s Fashion Comes to Life in Brazil

Importers from the United States, Mexico, Italy, Germany, Uruguay, Chile and United Arab Emirates ...

Capoeira the Jogo de Angola

For Brazilian Blacks Life Has Always Been a State of Siege

In his Voyage Pittoresque et Historique au Brésil,  Jean-Baptiste Debret painted an elderly blind ...

Mariza, Who Gave Fado New Lease on Life, Tours the US

Fans of the exceptionally beautiful and melancholy sounds of the Portuguese song form fado ...

Brazilian President Luiz Inácio Lula da Silva gets reelected

58 Million of Brazilian Voters (61%) Give Lula Four More Years

As foretold by the surveys all along the second round campaign Luiz Inácio Lula ...

National Geographic Film Festival Offers Brazilian Treat

This year’s National Geographic All Roads Film Festival will feature two movies from Brazil, ...

Brazil Triples Funds for Exports to Close to US$ 800 Million

Brazil's federal government is going to nearly triple the funds for its Export Financing ...

Brazilian Sound: Luciana-Lubambo Duo Thrills Manhattan Audience

The sky was quite overcast at Manhattan’s Madison Square Park on a Wednesday evening, ...