According to the National Treasury secretary, Arno Agustin, the government should issue Brazilian foreign debt securities denominated in Brazilian currency on the international market this year.
Author: Agência Brasil
Brazilian grain production this year should total 158.7 million tonnes, a 6% increase over last year, according to the Brazilian Institute of Geography and Statistics.
The Brazilian trade balance posted a surplus of US$ 969 million in the first week of May, according to the Ministry of Development.
The Brazilian state-run company intends to raise its share in the sector from 5% to 15%, de according to the minister of Mines and Energy, Edison Lobão.
According to the Central Bank chairman, Alexandre Tombini, intense capital flows into Brazil are fuelling the expansion of credit and hampering the control of inflation.
Surplus in the inflow vs. outflow of foreign currency in the country was driven by the flow of trade. Year-to-date, the accumulated surplus stands at US$ 37 billion.
The drop was last month as against March, according to the Central Bank of Brazil.
The confidence of services sector businessmen in the Brazilian economy increased in April, according to a survey conducted by the Getúlio Vargas Foundation (FGV).
Brazilian industrial output increased by 2.3% in the first quarter this year compared with the same period of 2010, according to the Institute of Geography and Statistics.
The trade balance of Brazil ended April with a positive balance of US$ 1.8 billion. The surplus was US$ 98.1 million a day, with a 52.8% higher average than in the last month of 2010.
Financial market analysts have revised the 2012 Gross Domestic Product growth estimate upward from 4.21% to 4.25%.
The assessment was made by the chairman of the Brazilian Rural Society and the International Fair of Agricultural Technology in Action (Agrishow), Cesário Ramalho. The fair starts this Monday.
Fernando Pimentel, of Ministry of Development, Industry and Foreign Trade, said that Brazilian foreign trade figures in April should surprise. The figures are set to be announced on Monday.
Brazil recorded the best tax results for the month of March since 2001, according to a Central Bank report.
