The surplus was the result of trade operations, as the financial movement registered a deficit. Brazilian foreign currency reserves rose to US$ 365 billion.
Author: Agência Brasil
The index which monitors the average prices of internationally priced primary goods exported from Brazil increased by 2.67% in March, according to the Central Bank.
The federal administration announced production fostering measures in Brazil. These include broader tax breaks on companies’ payrolls and lowered Brazilian Development Bank interest rates.
The figure was the result of US$ 21 billion in exports and US$ 19 billion in imports, according to information supplied by the Brazilian Ministry of Development, Industry and Foreign Trade.
Financial market analysts have once again lowered their economic growth estimate, which has gone from 3.23% to 3.2% in 2012.
The public sector had a primary surplus of US$ 5.1 billion in February. It is the highest ever result for the month since the Central Bank started keeping track of results, in 2001.
At the closing of the bloc’s Summit, the Brazilian president asked for greater respect and recognition to the Brics countries, which account for 56% of the world economy.
A study conducted by the National Confederation of Industries shows that the population of Brazil boasts a high level of satisfaction with their current lives.
Brazil’s inflow of dollars exceeded the outflow by US$ 5.3 billion up to March 23rd, according to the Central Bank. Last week, however, the flow took the opposite route, with greater outflow.
In an official visit to India, the president said that it is necessary to expand the number of permanent seats on the United Nations Security Council.
Officer Fernando Rodrigues Goulart will be the new commander of the peace mission to Haiti, the UN has confirmed. He will replace Luiz Ramos, who is also from Brazil.
Institute of Applied Economic Research survey shows foreigner confidence regarding inflation control in Brazil has increased, but Gross Domestic Product growth expectations have worsened.
The Brazilian Development Bank (BNDES) and the Studies and Projects Funding Body (Finep) have promised industrialists that financing for innovation will increase in 2012.
Brazil had a surplus in trade transactions, but a deficit in the service and revenue accounts. The negative balance, however, was lower than that registered in the same month of 2011.
