Don’t Stop Me Now!

BRAZIL ECONOMICS - Report 05 Aug 2024 by Alexandre Schwartsman, Cristina Pinotti and Diego Brandao

Public debt in Brazil started to increase again in 2023 and is expected to continue in the coming years. To reverse this trend, it would be necessary to generate primary surpluses close to 2% of GDP, which is highly unlikely given the government's low commitment to fiscal adjustment.

We also highlight the increase in the volume of voluntary deposits at the Central Bank, which reduces the need for repo operations, but is not accounted for in the general government gross debt statistics. If these deposits were included, it would be 1.7 percentage points above the current level and, therefore, 3.9 percentage points above the level recorded at the end of 2023, compared to 3.4 percentage points according to official statistics.

Now read on...

Register to sample a report

Register
Sign-in
Forgot your password?
Copyright 2024 GlobalSource Partners. All rights reserved. This report is prepared for GlobalSource Partners’ clients and may not be redistributed, reproduced, stored in a retrieval system, retransmitted or disclosed, in whole or in part, or in any form or manner, without the express written consent of GlobalSource Partners. This report is distributed simultaneously to our website and other portals used by GlobalSource Partners. The information herein was obtained from various sources and is believed to be reliable but GlobalSource Partners does not warrant its completeness or accuracy. Neither GlobalSource Partners nor any Country Analyst, officer or employee accepts any liability whatsoever for any direct, indirect or consequential damages or losses rising from any use of this report or its contents.