Brazil Says It Will Meet But Not Exceed Its 4.25% Primary Surplus Goal

Brazil’s Minister of Planning, Paulo Bernardo, said that the government will meet the primary surplus goal set for this year at 4.25% of the Gross Domestic Product (GDP).

The budget programming decree signed Tuesday, May 16, expands the federal government’s participation in the primary surplus to 3.35% of the GDP. The previous target for the federal government, as determined in the Budget Guidelines Law, was 3.15%.

Bernardo affirmed once again that, unlike what has occurred in previous years, this year the government intends to comply strictly with the primary surplus target and not greatly exceed it.

Meanwhile, the Brazilian internal federal securities public debt (bonds emitted by the government) registered a drop in US$ 8.55 billion in the month of April, in comparison to the previous month.

This was a reduction of 1.8%, caused by the call on public securities, which added up to US$ 12.48 billion last month. The information is on the monthly report on the debt and open market, released by the Ministry of Finance.

ABr

Tags:

You May Also Like

Obama’s Brazilian Plan: Share Green Technology and Protect the Amazon

As Election Day draws near, presidential candidates John McCain and Barack Obama repeatedly have ...

KFC’s Secret Ingredients Include Soy That’s Destroying the Amazon, Says Greenpeace

Greenpeace volunteers unfurled a 300 square meter banner in a massive area of deforestation ...

Brazil Diaspora Meets in Rio to Discuss Expatriates Life

Brazilian living abroad are planning a great forum, later this month, for Rio de ...

Brazil Recognizes Torture Is Common Practice in the Country

The Integrated Actions Plan for the Prevention and Control of Torture in Brazil is ...

As Indy Goes Back to Brazil Brazilians Use Race to Sell their Wares

Brazilian companies are going to make use of the starting race of the Indycar ...

And Brazil Calls This Land Reform?

The concentration of lands in the hands of a few Brazilian farmers, an ownership ...

After Attacks to Flag Brazilians Renew Their Sense of Patriotism

In Brazilian capital Brasília, on the first Sunday of each month there is a ...

Brazilian Beekeepers Are Certified as Fairtrade by German’s FLO

Brazilian beekeepers from Piauí state, in the Brazilian Northeast, have a lot to celebrate. ...

All-Time High for Brazil Stocks Amid Lower Inflation Hopes

Latin American markets were mixed, with Brazilian stocks hitting another record high on upbeat ...

If You Are Magically Swept Away in Brazil You Got Maracatu Fever

It is difficult to explain the effect of maracatu on the psyche, when one ...