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

    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    Your email address will not be published.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

    A Story of Sex, Suspense and Spite Set in Brazil, the US and Spain

    For Brazilians living in the United States, any American or foreigner who loves Brazil, ...

    Small Business Creates 70,000 New Jobs in Sí£o Paulo, Brazil

    The micro and small sized companies from the state of São Paulo, southeast Brazil, ...

    Minister Wants Brazil to Get Into the Habit of Holding Referenda

    "I am an admirer of the referendum, because I am an admirer of democracy," ...

    Poverty and wealth

    The Brazilian Farce: Celebrating World’s Most Miserable 6th Largest Economy

    Having gone through the year-end celebrations we were left with the feeling that 2011, ...

    Brazil's Lula greets Amazon Indians

    Brazil’s Lula Tells US and EU to Keep Their Evil Eye Off the Amazon

    In a speech to thousands of Indians in the state of Amazonas, in northern ...

    Brazil's BNDES chief Luciano Coutinho

    Brazil Won’t Feel the US’s Mortgage Debacle and Will Keep World Growing

    From 2002 to 2005 Brazil received 640 billion reais (US$ 358 billion) in investment. ...

    Health minister José Gomes Temporão

    Brazil Fights Status Quo and Lack of Money in Mental Health Care

    In a speech during the 4th National Conference on Mental Health, in Brazil, Brazilian ...

    Crude Mamonas

    They are rude, crass, provocative, pornophonic, sometimes funny, almost always infuriating. The Mamonas Assassinas ...

    An "F" in Brazilian History

    How quickly do we forget. One of Brazil’s largest newspapers opened its columns to ...

    Top Lula Adviser Accused by Brazilian Congressman of Taking Bribe

    Latin American shares were mixed on the session, as U.S. stocks firmed somewhat. Brazilian ...