Brazil’s gross public debt has a 75.3% drop from GDP

by Andrea
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January’s result is the best for every month throughout the Central Bank’s historical series; Central government contributed significantly to a surplus of R $ 83.150 billion

José Cruz/Agência Brasil
BC reveals that Brazil’s gross debt dropped in January

The gross debt of the fall in January, when the consolidated public sector presented a primary surplus of $ 104 billion, exceeding the forecast of $ 102.2 billion. The ratio of gross debt with GDP was 75.3%, below the expectation of the financial market. Net debt, in turn, reached 60.8% of the. The data were released on Friday (14) by the Central Bank (). This is the best result for every month throughout the historical series.

The central government contributed significantly to this result, with a surplus of R $ 83.150 billion. In addition, states and municipalities also performed positively, recording a surplus of $ 21.9 billion. The state -owned company had a deficit of R $ 1.006 billion. Since the beginning of management, the country’s gross debt has increased by 4.4 percentage points, ending December 2023 by 73.8% of GDP.

Projections of the National Treasury indicate that, without the implementation of new collection measures, gross debt can reach 83.1% of GDP by 2028. In addition, this index exceeds 90% of GDP by 2029 if there are no effective interventions in fiscal policy.

*Report produced with the aid of AI

Posted by Nátaly Tenório

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