Such is the amount the Brazilian state-run oil company could save each year as a result of restructuring measures. Shareholders approved the plan last Thursday (28th).
Author: Agência Brasil
Plummeting revenues, soaring spending led Brazil’s National Treasury, Social Security and Central Bank accounts to the biggest quarter-one deficit in history.
Revenues climbed 8.44% in March from February and 4.16% from March 2015.
According to the Brazilian National Treasury, the country’s debt widened to USD 807 billion in March from February.
According to the Brazilian National Treasury, the country’s debt widened to USD 807 billion in March from February.
Import taxes on 251 machinery and equipment items were cut from 14% to 2%, with 24 computing items also having their import tariff slashed from 16% to 2%.
It’s the 14th consecutive decline, according to the Brazilian Central Bank. The 0.29% drop was over January. In comparison to February 2015, recession reached 4.54%.
Commercial operation of the hydroelectric plant started this Wednesday. The power plant is located along the Xingu River, Pará state.
Overall, USD 88 billion worth of taxes and contributions were collected in Q1 in Brazil, down 8.2% from Q1 2015.
The number concerns a March-on-March comparison for Brazil according to an indicator measured by Serasa Experian. In March from February, demand was up 8.4%.
Financial institutions lowered their 2016 inflation forecast for the sixth straight time. Next year, prices are expected to increase 5.93%.
This is the forecast on the Union’s fiscal target within the proposed budget Lei de Diretrizes Orçamentárias to be sent to Congress.
A survey conducted by Brazil’s Fundação Getulio Vargas (FGV) shows that the economy contracted by 4.1% in the 12 months through February.
The fees on credit lines of the Exim Pre-shipment type declined 11.13% to 15.75% per year to 9.1% to 11.53% annually. The government expects the demand to reach BRL 15 billion (USD 4.32 billion).
