Brazil’s gross public debt rises to 73.6% of GDP – 06/30/2023 – Market
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Brazil’s gross debt rose in May, when the consolidated Brazilian public sector posted a larger-than-expected primary deficit, according to data released this Friday (30) by the Central Bank.
The country’s gross public debt as a proportion of GDP ended May at 73.6%, against 72.9% in the previous month. The net debt was 57.8%, from 57.0%.
According to the Central Bank, the gross debt result was due to nominal interest appropriated (increase of 0.7 percentage points), net debt issuances (increase of 0.3 pp) and the effect of the change in nominal GDP (reduction of 0.4 pp).
In May, the consolidated public sector registered a primary deficit of BRL 50.172 billion, much worse than the expectation of economists consulted in a Reuters poll of a negative balance of BRL 47.7 billion.
In the same month of 2022, the deficit had been BRL 32.993 billion.
The performance shows that the central government had a deficit of BRL 43.188 billion, while states and municipalities registered a negative balance of BRL 6.816 billion and state-owned companies had a deficit of BRL 168 million, data from the Central Bank showed.
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