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Economic indicators

Balance of savings in September is R$ 3.5 billion, the 2nd largest of the year

This article was translated by an automatic translation system, and was therefore not reviewed by people.


 

Fabio Graner, BRASILIA

In the year, capturing grew 56.9% over the same period of 2008

The savings account had a net inflow in September from R$ 3.51 billion, according to data released yesterday by the Central Bank. It was the second highest balance of the year and the fifth consecutive month in which such application was positive. The net inflow of last month reflected deposits from R$ 84.86 billion and set aside from R$ 81.35 billion.

In the year, the savings attracted R$ 15.73 billion net. In the same period of 2008, the book had a surplus of R$ 10.02 billion. That is, the growth was 56.9%.

In September 2008, the net inflow in savings was from R$ 1.46 billion. The result of last month was second only to that of July, when they were picked up for R$ 6.67 billion. Despite having been much stronger than in the same month of 2008, the net inflow of money into savings last month fell short of its R$ 4.19 billion in September 2007.

Despite the significant resources in this application, considered the most popular and conservative, the government still does not see a mass migration of resources from investment funds to savings, a factor that would determine a greater sense of urgency in routing the Congress of the proposed taxation of income from such application.

Your proposal has been advertised twice by the minister, Guido Mantega, but so far not occurred. The latest setback occurred because of pressure from the governing coalition, which considers the proposal politically explosive. Returning from his trip to Turkey, where he attended a meeting of the International Monetary Fund (IMF), Mantega should discuss the matter with President Luiz Inácio Lula da Silva.

MONITORED

According to a government source heard by the State Agency, the result of savings in September, despite being the second highest of the year, does not show this movement of migration. "The savings is still monitored, but no mass migration," says the source.

The technical team has economic note, however, because of the fall in interest rate, a search of investors for the most profitable applications, albeit with a little more risk, such as multi-market funds - which invest in various ways simultaneously.

Data from the National Association of Investment Banks (ANBID) show that investment funds short-term fixed income lost, respectively, R$ 1.2 billion and R$ 2 billion in September. Meanwhile, the multimarket had positive net balance of R$ 9.3 billion. DI funds, which more closely follow the evolution of the rate, had a net inflow of  R$ 1.4 billion.



Source: Estadão online

This article was translated by an automatic translation system, and was therefore not reviewed by people.

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