• Categories
  • Archives

Brazilian Primary Surplus Reaches US$ 37 Billion in 2008

Brazilian national congress in capital BrasÀ­lia Brazil's public sector's economy, which includes federal government, states, cities and state-owned companies, to honor their financial engagements and payment of interest on their debts, the so-called primary surplus, reached 18.712 billion reais (US$ 11 billion) in April.

In the same period of last year, the primary surplus had been R$ 23.458 billion reais (US$ 14 billion).

According to the Central Bank, this year the primary surplus has already reached R$ 61.743 billion reais (US$ 37 billion). In the same quarter of last year, the result was 50.732 billion reais (US$ 30 billion).

In the month, the central government (federal government, Central Bank and Social Security) was the main contributor to the result, with 16.861 billion reais (US$ 10 billion).

Regional governments (states and cities) saved 2.459 billion reais (US$ 1.4 billion). State-owned companies presented a primary deficit of 608 million reais (US$ 365 million).

Up to April, the payment of interest reached R$ 54.858 billion reais (US$ 33 billion). In the same quarter of last year the payment of interest totaled 51.136 billion reais (US$ 31 billion).

In the month of April, interest paid by the consolidated public sector reached 14.879 billion reais (US$ 9 billion), against 12.238 billion reais (US$ 7 billion) registered in the same month last year.

The Central Bank of Brazil also informed that the public sector has returned to registering a nominal surplus (revenues minus expenses, including expenses with interest).

Figures disclosed by the organization show that in April the result was 3.842 billion reais (US$ 2 billion). In the accumulated result for the year, the nominal surplus was 6.885 billion reais (US$ 4 billion).

In the first quarter of last year, the public sector had registered a nominal deficit of 405 million reais (US$ 243 million). In April last year, the result was 11.173 billion reais (US$ 7 billion) in nominal surplus.

ABr

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Your email address will not be published.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

Jazz Can’t Resist Brazil

For decades, the recordings and live appearances of famous and less celebrated American singers, ...

Brazilian Shoe Exports to Middle East Grows Above Average

Brazilian shoe industries had revenues of US$ 15.5 million with exports to the Arab ...

Halloween Is Catching in Brazil

Brazilians do not go trick-or-treating the conventional way. They celebrate child-buffet style. Some people ...

Brazilian president Lula meets his Ecuadorian counterpart Rafael Correa

Brazil and Ecuador Want to Do Without IMF and World Bank

Brazilian President Luiz Inácio Lula da Silva and his counterpart Rafael Correa from Ecuador ...

65% of Brazilians Believe Peace Is Back Thanks to Deal with Organized Crime

After four days of organized gang attacks and a ferocious police backlash with a ...

Devon Starts Exploration of Brazilian Oil with 50 Billion Barrels Potential

US-based Devon Energy Corporation announced June 30 that it plans to proceed with development ...

Boeing Tragedy: Brazil Air Force Goes Looking for Blind Spots

While Waldir Pires, the Brazilian Defense Minister, continues repeating that Brazil’s air space is ...

Give Us an Escape Goat

Brazil finds itself obsessed with assigning blame for energy crisis effects when damage is ...

Brazil’s Presidential Candidate Scolds Lula for Befriending Castro and Ahmadinejad

During the Brazilian Social Democracy Party, PSDB, national convention that confirmed him as his ...