Brazilian public debt rose in March. Data released this Monday (6), by the Central Bank, shows that the Gross Debt of the General Government stood at R$8.347 trillion in the third month of 2024, which represents 75.7% of the Gross Domestic Product (GDP) – against 75 .5% in February and 74.4% in December last year.
The peak of the gross debt series was reached in December 2020 (87.6%), due to the fiscal measures adopted at the beginning of the covid-19 pandemic.
At the best moment, in December 2013, gross debt reached 51.5% of GDP.
The General Government Gross Debt – which covers the federal government, state and municipal governments, excluding the Central Bank and state-owned companies – is one of the references for assessment, by global risk rating agencies, of the solvency capacity of the government. Country. In practice, the greater the debt, the greater the risk of default by Brazil.
The Public Sector Net Debt (DLSP), in turn, rose in the third month of 2024 to 61.1% of GDP, compared to 60.9% in February. DLSP reached R$6.741 trillion.
The net debt presents lower values than the gross debt because it takes into account Brazil’s international reserves.
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Tags: Gross Debt rises Gross Domestic Product March shows Central Bank
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