Kelly Oliveira     Reporter Agência Brasil

Brasília – Brazil started 2012 with a record monthly current account deficit of $7.086 billion. That is more than the Central Bank forecast of $6.7 billion, and well above the January 2011 deficit of $5.584 billion. In fact, it is the highest current account deficit for January since the Central Bank began keeping records.

Also in January, there was a trade deficit of $1.292 billion and the so-called services account (international travel, transportation, equipment rentals) had a deficit of $3.39 billion.

The revenues account (remittances of profits and dividends, interest payments and salaries) had a deficit of $2.575 billion.

Foreign direct investment, at $5.433 billion, was not sufficient to cover the deficits.

There is also the so-called portfolio account, foreign investments in stocks and bonds, which totaled $4.932 billion.

Allen Bennett – translator/editor The News in English

Link - País registra em janeiro déficit em transações correntes recorde