Federal, state and local governments and state-owned companies posted deficits in their accounts in May. But the negative results of the same month of last year were higher.
Author: Agência Brasil
The company lowered the estimation of investments for the 2015-2019 period by 37%. The cuts mean US$ 90.3 billion less than the estimated figure of the last business plan.
In Q1 in Brazil, 1.38 billion chickens were slaughtered, up 2.1% from Q1 2014. The amount of heads of cattle slaughtered was down 7.7%.
Applied Economics Research Institute points out that the government’s fiscal adjustments are taking their toll, as unemployment and inflation climb, but the benefits will only come in the medium-to-long run.
According to a survey from Brazil’s National Confederation of Industry, production and employment declined in May.
The amount stood at US$ 8.3 billion from January to May, a 21% drop over the same period of last year.
The financial market has revised its economic retraction projection for Brazil from 1.35% to 1.45% in 2015, as per a Central Bank poll of Brazilian banks.
Several products had their import tax lowered and extended, among them the metal used in the drilling of the pre-salt layer, iron-molybdenum.
US dollar outflows from Brazil were higher than inflows by over US$ 1 billion last week, tipping the monthly result to a deficit.
The Brazilian Civil Aviation minister said a program earmarks R$ 7.3 billion investment in increasing local airports from 80 to 270 in the country. The goal is to start floating tenders this year.
The Brazilian minister of Development claims the national export plan should be announced by the end of this month. Simpler customs processing should be one of the measures.
Retail sales dropped 0.4% in April over March and 3.5% in comparison to April of last year, according to the statistics institute.
Purchases from neighboring countries could be expanded, according to the executive secretary of the Ministry of Mines and Energy. The level of the hydroelectric plants’ reservoirs declined.
The estimate for the Extended Consumer Price Index (IPCA) climbed from 8.46% to 8.79% this year, as per a Brazilian Central Bank poll. The projection for next year is 5.5%.
