UPDATE 1-Brazil posts $10.3 bln April trade surplus Reuters 4 hrs ago
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BRASILIA, May 3 (Reuters) - Brazil posted a trade surplus of $10.3 billion in April, figures showed on Monday, a significant rise in monthly and annual terms but below a Reuters forecast for an $11.4 billion surplus in the period.
Total Brazilian exports in April came to $26.5 billion, while imports came to $16.1 billion, the data showed.
Year-to-date, Brazil has registered a trade surplus of $18.3 billion, well above the $9 billion surplus the country registered in the first four months of 2020. In April last year, Brazil registered a trade surplus of $6.2 billion.
Last month, the Economy Ministry revised the manner in which it compiles statistics relating to the nation s trade balance and adjusted its figures dating back to 1997. That resulted in a 16.5% reduction in the trade surplus through 2020, while bumping up figures in 2021. (Reporting by Gabriel Ponte; Writing by Gram Slattery; E
By Reuters Staff
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FILE PHOTO: Brazil s Economy Minister Paulo Guedes speaks during a ceremony to launch a program to expand access to credit at the Planalto Palace in Brasilia, Brazil, August 19, 2020. REUTERS/Adriano Machado
BRASILIA (Reuters) - Brazil’s Economy Minister Paulo Guedes said on Tuesday that a budget agreement reached with Congress meets the government’s twin commitments to health and fiscal responsibility, and that crisis-fighting expenditure would not be subject to spending cap rules.
Congress late on Monday approved revised proposals following an impasse over certain spending measures, paving the way for the 2021 federal budget to be signed into law by President Jair Bolsonaro by the April 22 deadline.
Brazil budget meets commitments to health, fiscal discipline, says economy minister reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
By Reuters Staff
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BRASILIA, April 8 (Reuters) - The dynamics driving Brazil’s currency have improved and the market is more balanced now, despite lingering fiscal uncertainty, central bank monetary policy director Bruno Serra said on Thursday.
In an online debate hosted by event management company Consulting House, Serra said market participants looking to buy dollars are now finding sellers, and that FX flows this year and next will be more positive than the previous two years. (Reporting by Gabriel Ponte and Jamie McGeever Editing by Chris Reese)
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BRASILIA, April 8 (Reuters) - The dynamics driving Brazil’s currency are improving and the market is now more balanced, despite lingering fiscal uncertainty, central bank monetary policy director Bruno Serra said on Thursday.
In an online debate hosted by event management company Consulting House, Serra said the central bank’s market interventions earlier this year have helped greatly, while the capital flows picture for the real is also brighter.
“The trend for the foreign exchange market is for a much better flow in 2021 and 2022 than 2019 and 2020,” Serra said, noting the $9 billion FX inflow in the first quarter of this year was the highest since 2012.