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Brazil's federal debt increased 8.9% last year and is estimated to rise 11% in 2019

Wednesday, January 30th 2019 - 09:59 UTC
Full article 4 comments

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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  • DemonTree

    Does that mean Guedes has abandoned his plan for a zero deficit?

    Jan 30th, 2019 - 09:33 am - Link - Report abuse 0
  • :o))

    @DemonTree

    Honeymoon over - THAT soon? Bad news come/s in tiny doses, tainted with sweeteners and in palatable forms!

    Jan 30th, 2019 - 11:00 am - Link - Report abuse 0
  • Brasileiro

    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
  • :o))

    @Brasileiro

    REF: “Everyone owes Brazil a lot”:

    So there is NO economic crisis to begin with! Guedes will be delighted to know that!

    Jan 30th, 2019 - 08:38 pm - Link - Report abuse 0

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