Brazil’s federal debt rose to 3.88 trillion Reais ($1.03 trillion) in December, up 8.9% from 3.56 trillion Reais a year earlier, and is expected to rise further this year, the Brazilian Treasury said. The Treasury predicts public debt this year will swell to somewhere between 4.1 trillion and 4.3 trillion Reais, the upper end of which would represent an increase of almost 11%, it outlined in its annual financing plan. Read full article
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Does that mean Guedes has abandoned his plan for a zero deficit?Jan 30th, 2019 - 09:33 am - Link - Report abuse 0
@DemonTreeJan 30th, 2019 - 11:00 am - Link - Report abuse 0
Honeymoon over - THAT soon? Bad news come/s in tiny doses, tainted with sweeteners and in palatable forms!
All Brazilian debt is in real. Brazil is a creditor of 586 billion dollars. Treasuries, IMF, World Bank, BRICS Bank. Everyone owes Brazil a lot!Jan 30th, 2019 - 03:42 pm - Link - Report abuse 0
@BrasileiroJan 30th, 2019 - 08:38 pm - Link - Report abuse 0
REF: Everyone owes Brazil a lot:
So there is NO economic crisis to begin with! Guedes will be delighted to know that!