The financial market is once again reducing growth forecasts for the Brazilian economy. The country should grow 2.05% in 2012, against 2.18% in the prior forecast.
Author: Agência Brasil
Net debt of the Brazilian public sector was a little below US$ 716 billion in May, equivalent to 35% of GDP.
The economy of the public sector to cover the debt was US$ 1.2 billion. Brazil had a nominal deficit of US$ 7.7 billion in the month.
Since March, institutions had not been allowed to participate in loan operations for prior payment of exports. The funds should be made available to simplify dollar inflows into Brazil’s economy.
The financing line is part of the 2013 Crop Plan, to receive R$ 115.2 billion. The objective is to provide incentives to good practices in the country, with crop-livestock-forest integration.
The institution projects that the Brazilian economy will grow by 2.5% this year. The last forecast had been 3.5%.
In the first quarter of the year, Brazilian egg production had its fourth running high, according to a research institute.
The Brazilian government will provide US$ 55.6 billion to finance the 2012-2013 crop, starting in July, as against US$ 51.7 billion in the previous cycle.
The minister of Development, Industry and Foreign Trade, Fernando Pimentel, said that incentive measures will be announced on Wednesday.
The Brazilian balance of trade showed a US$ 119 million deficit last week, as a result of US$ 4.075 billion in exports and US$ 4.19 billion in imports.
The company will boost its production capacity for the biofuel in Brazil until 2016. Projects already underway will get part of the funds.
The fund transfer was authorized by the Ministry of Finance. Treasury transfers to banks are expected to amount to US$ 22.1 billion this year.
In Brazil, dollar inflow exceeded the outflow by US$ 995 million from the 1st to 20th.
Enterprises with overseas investment posted US$ 3.47 billion in profits and dividends in first five months of this year. The figure is much higher than the US$ 600 million in the same period of 2011.
