Public debt breaks historic record and reaches R$6.33 trillion

Public debt reached a record in the historical series, rising 2.48% in November compared to October 2023. The value reached R$6.33 trillion, an increase of R$153.11 billion in the period. The data was released by the National Treasury this Wednesday (27).

The previous record was reached in August, when the debt reached R$6.27 trillion. The Treasury argues that there was a net issuance of R$99.94 billion and a positive appropriation of interest of R$47.44 billion.

“The month of November was marked by a strong increase in risk appetite, with stock markets rising and interest rates falling sharply following a moderation in the Fed’s speech,” explained the Treasury in the report.

The stock of internal Federal Public Securities Debt (DPMFi) rose 2.49% compared to October, rising from R$5.93 trillion to R$6.08 trillion. This is the part of the debt that can be paid with national currency.

The external Federal Public Debt (DPFe), which is obtained in the external market, grew 2.34% in relation to the previous month, reaching R$ 250.05 billion (US$ 50.66 billion).

The Central Bank also reported that the public debt percentage in relation to the Gross Domestic Product (GDP) rose to 74.7% in October. The new data on general government gross debt (DBGG) will be released on January 5th.

In relation to the debt cushion, a nominal increase in the liquidity reserve of 11.43% was recorded. In other words, it went from R$815.60 billion in October to R$908.86 billion in November. The amount is 20.41% lower than that observed in November 2022 (R$ 1.142 trillion).

The index is equivalent to 8.34 months of debt maturity. The reserve is the cash available exclusively for paying the debt and the available balance of resources comes from the issuance of bonds.