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Montevideo, June 7th 2023 - 06:23 UTC

Tag: Economic rise

  • Wednesday, January 30th 2019 - 09:59 UTC

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

    Brazil’s net financing needs this year are also expected to increase, by almost 20% to 779.7 billion Reais from 651.1 billion last year, according to the Treasury

    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.