News from Brazil

Politics & Goverment

In Uncategorized on May 9, 2010 at 12:04 pm


Brazilian presidential candidate Dilma Rousseff said she would maintain strict fiscal discipline to push down public sector debt and revamp the country’s tax code if she wins October’s election (Reuters).


Iran voiced optimism about Turkish and Brazilian mediation efforts in its nuclear dispute with the West, saying it welcomed in principle ideas aimed at reviving a stalled nuclear fuel deal with major powers (Reuters).


Brazilian police in the Amazon city of Manaus have arrested eight men for trafficking drugs along jungle rivers to finance Colombia’s leftist FARC rebels (Reuters).


The government announced long-awaited measures to boost exports at a time when the trade surplus in Latin America’s largest economy is shrinking rapidly on a yearly basis. The government will create a lender, named EXIM Brasil, to help finance exports (Reuters).

Brazil posted a higher-than-forecast trade surplus in April as imports fell at nearly double the pace of exports, trade ministry data showed (Reuters).

Brazilian Planning Minister Paulo Bernardo said he will recommend that President Lula da Silva veto a 7.7 percent increase to pension payments that may add 11 billion reais ($6.2 billion) to the fiscal deficit (Bloomberg).



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