How to Export to Brazil - Sprint Lazio

II.5. Public accounts
Graph II.5
Basic Interest Rate (Selic) – 1997-2006
Brazil – Ministry of External Relations
% p.a.
Brazil has been successful in its endeavors to adjust public accounts. It is worth
mentioning that, between 2004 and 2006, the consolidated nominal deficit of the
public sector (encompassing the federal, state and municipal governments as well as
the state-owned companies) remained around 3% of the GDP, after having hit 7% at
the end of the 90´s. The primary result (which excludes the interest payments on
public debt) has improved throughout the years under study, going from 3.9% of the
GDP in 2002, to over 5% in 2005, and dropping to 4.3% in 2006 (Graph II.6).
How to export to Brazil 25