The item "Interest Expense" Balance of Payment of Brazil showed a deficit of USD 784 million in October 2011, resulting from a gross expenditure of USD 1.276 billion and revenues of USD 492 million. Over the past 12 months, as we see in the chart below, the net interest payments amounted to USD 8.5 billion. It is interesting to note in the chart that the income from interest payments increased in the period 2007-2009. It´s a period related with accumulation of international reserves, which, of course, led to a higher revenue of interest. On the other hand, since 2009 interest revenue has decresead, mainly as a result of lower international interest rates, and consequently, lower remuneration of Brazilian assets abroad.
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| Source: Central Bank of Brazil |
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