RIO DE JANEIRO, BRAZIL - "By late September, the public sector's total gross debt stood at US$42.655 billion, equivalent to 74.9% of GDP, which in the year to September was estimated at US$56.991 billion."
"If external assets (excluding counterpart of bank reserve requirements, which are contingent liabilities) and assets with residents are subtracted from the gross debt, the result is US$28.354 billion, or 49.8% of GDP," explained the report prepared by economist Javier de Haedo.
According to the document, the figures represent moderate growth compared to the end of 2020, after that . . .
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