Brazil’s gross debt falls to 79.2% in February -central bank

According to the Central Bank, public debt fell for the fourth consecutive month. In February, the decline was due to the effect of nominal GDP growth, which lowered the debt level by 0.7 percentage points.

RIO DE JANEIRO, BRAZIL - The country's gross debt - consisting of federal, INSS, state, and local governments - fell to 79.2% of GDP (gross domestic product). The decrease amounted to 0.4 percentage points. The Central Bank (BC - Banco Central) published the result on Monday (2.5.2022).

According to the Central Bank, public debt fell for the fourth consecutive month. In February, the decline was due to the effect of nominal GDP growth, which lowered the debt level by 0.7 percentage points.

The appreciation of the real against the dollar also contributed to the 0.2 percentage point . . .

To read the full NEWS and much more, Subscribe to our Premium Membership Plan. Already Subscribed?