Public debt rises in April and reaches BRL 6.03 trillion, says Treasury

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Debt is contracted by the National Treasury to finance the government’s budget deficit. Value includes government debt in Brazil and abroad. The Brazilian public debt grew 2.38% in April this year and reached R$ 6.03 trillion, informed this Monday (29) the National Treasury Secretariat. In March, the debt was R$ 5.892 trillion. The federal public debt is contracted by the National Treasury to finance the government’s budget deficit, that is, to pay government expenditures in excess of revenue from taxes and contributions. The values ​​include the indebtedness in Brazil and abroad. However, most of Brazil’s debt is domestic. According to the National Treasury, the increase of R$ 140.12 billion in the debt stock in April compared to March of this year was due to: net issuance (issuance exceeding redemptions) of R$ 92.30 billion in debt securities from the federal government, the largest since June 2021; and the positive appropriation of interest (incorporation of rates that adjust public debt interest), in the amount of R$ 48.15 billion. Still according to data from the Treasury, the average cost of the federal public debt accumulated in 12 months fell from 11.10%, registered in March, to 10.68% a year in April. Liquidity reserve According to the Treasury, the public debt liquidity reserve increased 8.19% in April, going from R$ 973.56 billion, recorded in March, to R$ 1,053.32 billion. The liquidity reserve is the name given to the cash value destined to pay the debt and the resources from the issuance of bonds. The Treasury informed that the current reserve level guarantees payment of the next eight and a half months of debt maturities. Forecast for the year The forecast of the National Treasury is that the debt ends the year 2023 between R$ 6.4 trillion and R$ 6.8 trillion. The data appears in the Annual Financing Plan (PAF), a document released by the Treasury that brings the objectives, guidelines and goals that will be observed in the management of the federal public debt.

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