Public Debt is Unlikely to Decrease Before 2023, Treasury Projects

The Central Bank announced that the gross indebtedness of the national, state, and municipal governments should close 2019 at 80.8 percent of GDP and continue to rise to 81.8 percent in 2022.

RIO DE JANEIRO, BRAZIL - According to the Treasury, the General Government Gross Debt (DBGG), published by the Central Bank, and which takes into account national, state and municipal gross indebtedness, should end 2019 at 80.8 percent of Gross Domestic Product (GDP) and continue rising until it reaches 81.8 percent in 2022.

Considering the return of the primary surpluses - savings to pay the interest on the public debt - the gross debt would start . . .

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