Federal public debt rises 0.65% and reaches R$6.64 trillion in March

The federal public debt rose 0.65% in March compared to February 2024. The stock reached R$ 6.64 trillionwhich represents a high from R$ 43.08 billion in the period.

The National Treasury released the data this Tuesday (April 30, 2024). Here’s the complete of the presentation (PDF – 760 kB).

Here is the trajectory of the federal public debt stock:

Public debt is issued by the federal government to finance the budget deficit, that is, to cover expenses that exceed revenue from taxes, contributions and other revenues. The indicator is considered one of the main references for assessing the country’s payment capacity by global agencies that assess investment grade.

The passive includes government debts in Brazil and abroad. The stock had reached R$6.60 trillion in February.

The stock of DPMFi (internal Federal Public Securities Debt) grew 0.67% in relation to December: it went from R$6.32 trillion to R$6.36 trillion. This is the part of the debt that can be paid with national currency.

The cause of the increase was the positive appropriation of interest – when the remuneration made by the Treasury to debt holders is lower than the return on interest that the agency receives from its own investments –, reaching R$55.25 billion. It was partially neutralized by the net rescue (R$ 12.28 billion).

The DPFe (External Federal Public Debt) grew 0.21% compared to last month. In March, it reached R$276.73 billion (US$55.39 billion).

Gross debt

The percentage public debt in relation to GDP (Gross Domestic Product) reached 75.6% in Februaryaccording to the B.C. (Central bank). New data on DBGG (Gross General Government Debt), as the indicator is known, will be released by the monetary authority on May 6, 2024.

The BC has a broader methodology, as it includes government bonds with the monetary authority and debts from state and municipal governments.

Debt mattress

The liquidity reserve had a nominal increase of 0.26%. The cash available to pay the debt went from R$885.10 billion in February to R$887.41 billion in March.

In comparison with March 2023 (R$973.56 billion), there was a nominal drop of 8.85%. The current level of the index ensures the payment of debt due in the next 6.95 months.

The available amount of the liquidity reserve comes from the issuance of bonds.

Debt holders

The group Financial Institution recorded an increase in stock, going from R$1.82 trillion to R$1.86 trillion. The relative share rose from 28.82% to 29.29%.

The group of Pension the stock increased by R$5.52 billion: it went from R$1.476 trillion to R$1.481 trillion. Participation is at 23.29%.