The result was the worst ever for the month. Year-to-date, the consolidated public sector has a primary surplus of R$ 6.2 billion (US$ 1.73 billion).
Author: Agência Brasil
National Treasury, Social Security and Central Bank had a combined primary deficit of R$ 9 billion (US$ 2.5 billion) from January to July.
State-owned bank registered net gains of R$ 1.9 billion (US$ 535 million) in Q2 and of R$ 3.5 billion (US$ 986 million) in H1, 2.8% more than in the first six months of 2014.
Survey by the National Confederation of Industry shows that consumers are less pessimistic with the country’s economy.
According to the advisor at the British embassy in Brazil, the country will assist 15 local startups in going international, as part of the Ministry of Development’s InovAtiva Brasil program.
The statement came from the head of the Economic Department of the financial institution, Túlio Maciel. Brazil had a deficit of US$ 6 billion in current transactions in July. In the same month of 2014, the deficit was higher.
According to the Department of State, the country should receive 2,000 people this year and from 5,000 to 8,000 in 2016.
Spending with international travelling totaled US$ 1.7 billion in July, a decline of 30% in comparison to the same month of last year.
Survey of the National Confederation of Industry shows output decline in July and pessimism for the next six months.
Brazilian Central Bank’s index shows that there was a decline in Q2 over Q1 this year. In comparison to the same time period of last year, the decline was even higher: 3.09%.
From January to July, the Federal Revenue collected R$ 712 billion (US$ 205.45 billion) in taxes, a decline of 2.9% over the same period of 2014.
The Board of Directors of the state-owned oil company authorized public offering of the subsidiary.
With the Brazilian market in a decline, the sector can benefit of stimulus measures to external sales, according to the president of the manufacturers’ association.
The information is included in a survey by the National Confederation of Industry. The appreciation of the North American currency hasn’t made a significant impact on Brazilian external sales yet.
