Brazil’s Surplus US$ 5 Billion Beyond IMF”s Wishes

The Brazilian government had a November primary account surplus of US$ 2.542 billion (6.857 billion reais). The surplus target for the month was US$ 1.853 billion (5 billion reais). The primary account does not take into consideration interest payments on government debt.

According to the Central Bank, everybody had a surplus in November. The federal government surplus was US$ 927 million (2.5 billion reais), state governments had a surplus of US$ 519 million (1.4 billion reais) and state-run enterprises US$ 1.075 billion (2.9 billion reais).

For the year, the primary account surplus has now reached US$ 31.43 billion (84.8 billion reais), or the equivalent of 5.3% of GDP, compared to US$ 26.056 billion (70.3 billion reais), or the equivalent of 5% of GDP, during the same period last year.

As for the surplus target in the agreement with the International Monetary Fund, it was US$ 26.501 billion (71.5 billion reais), which means the government is almost US$ 5 billion beyond it.

Meanwhile, net government debt fell from US$ 350.4 billion (945.4 billion reais) in October (51.9% of GDP) to US$ 348.9 billion (941.1 billion reais) in November (51.1% of GDP).

Agência Brasil
Translation: Allen Bennett


  • 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Your email address will not be published.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.


You May Also Like

This Lebanese-Brazilian Built a Little Food Empire

It is 10 o’clock in the morning. Aldemir Abdala runs from one side to ...

Brazil Reaches Self-Sufficiency in Oil Before Christmas

The president of the state-owned Brazilian oil company Petrobras, José Sérgio Gabrielli, says that ...

Brazil Tiles and Stones Find Place in the World

The 3rd Revestir, International Tiles and Stones Trade Fair, will gather 130 companies and ...

Brazil’s Pelí© and Gil Kick Off Culture Cup in Germany

The Brazilian Minister of Culture and celebrated composer, Gilberto Gil, and soccer legend Pelé ...

Brazilian industry

Who Is Really Afraid of the FTAA? Brazil’s Big Business

Although every Latin American government pays lip service to integration, taking the concrete steps ...

Brazil’s Lí­der Gets Six Sikorsky Choppers

The Export-Import Bank of the United States (Ex-Im Bank) has approved approximately US$ 41 ...

Brazil Trade Balance Surplus Drops 6%

The Brazilian balance of trade has recorded a US$ 370 million surplus in the ...

Rio Arrests Drug Lord of Rocinha, Its Biggest Favela, in Preparation for Olympics

Earlier today, Rio police arrested Antonio Francisco Bomfim Lopes, alias Nem, the drug lord ...

Waiting for Gudrun

He finally felt he was living among humans. Gone was the chaotic and miserable ...