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The federal, state and municipal governments, as well as state-owned companies, posted a positive balance in June, according to the Central Bank. In the same month last year, the result was lower, US$ 1.2 billion.

Central government spending had a positive balance of R$ 34.3 billion from January to June this year, 28.3% less than in the same period in 2012, the worst result over the last three months.

Quarter two results were damaged by the dollar hike. Net income was US$ 1.438 billion and the company delivered 22 business jets and 29 executive jets from April through June.