The number of securities issued by the Federal Public Debt (DPF) and a low volume of redemptions last month increased the total debt stock by 2.38%, from R$5.89 trillion (US$1.18 trillion) in March to R$6.03 trillion (US$1.2 trillion) in April.
This represents a nominal increase of R$140.12 billion (US$28 billion).
The data were released on Monday (29) by the National Treasury Secretariat, linked to the Ministry of Finance.
“This variation was due to net issuance [issuance minus redemptions], for R$92.30 billion, and to the positive appropriation of interest, for R$48.15 billion, discounting the transfer of R$0.34 billion to the Central Bank portfolio,” the ministry said in a statement.
The Treasury expects DPF to rise in the coming months.
According to the Annual Borrowing Plan (PAF) 2023, presented at the end of January, the DPF stock should close the year between R$6.4 trillion and R$6.8 trillion, informed Agência Brasil.
Through the appropriation of interest, the government recognizes, month by month, the correction of interest accrued on the bonds and incorporates the value to the public debt stock.
With the Selic rate (basic interest rate) at 13.75% per year, the appropriation of interest puts pressure on the government’s debt.
Last month the Domestic Public Securities Debt (in securities) totaled R$116.51 billion, while redemptions totaled R$34.39 billion, resulting in net issuance of R$82.12 billion.
Another R$10.19 billion are related to net issuance of the external Federal Public Debt (DPFe), contracted on the foreign market, totaling R$92.30 billion of total net issuance.
According to the Treasury, “This is the largest net issuance since June 2021”.
Concerning DPF composition, the participation of the DPMFi dropped from 96.02% in March to 95.98% in April.
The share of DPFe, the external debt, increased slightly from 3.98% to 4.02%.
The share of floating-rate securities rose from 39.08% in March to 38.84% in April.
The share of fixed-rate securities in DPF rose slightly from 24.7% in March to 24.81% in April.
The share of price-indexed securities increased slightly, from 32% to 32.11%.
The values are in line with the projections of the PAF 2023.
With information from Gazeta do Povo
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