Tag: Treasury

• 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 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.

• Friday, December 21st 2018 - 12:01 UTC

  Brazil’s development bank “must return” to the Treasury some US$ 25bn

  

  Brazil’s future economy minister wants state development bank BNDES to return 100 billion Reais, some US$25.7 billion, to the nation’s treasury in 2019, a newspaper reported, as the incoming government seeks to cut the nation’s hefty debt load.