Brazil: public debt grows less than projected in 2022 and has a moderate risk for 2023
An analysis conducted by the Federal Audit Court (TCU) indicated that the federal public debt grew less than projected for 2022 and has a moderate risk from 2023 to 2028.
The accounts were analyzed in the 17th session and released on Thursday (25).
The TCU states that the federal public debt stock calculated for the end of 2022 should grow and reach a level between R6 trillion and R$ 6.4 trillion.
However, it increased only R$337.7 billion, resulting in R$5.951 trillion, “therefore below the lower limit of this predicted range,” noted Justice-rapporteur Jorge Oliveira.
Also, in the decision, Oliveira states that the federal public debt/GDP ratio decreased from 63.1% to 60.5% between December 2021 and December 2022.
“This was due, in good measure, to the recovery of the Brazilian economy in 2022 and the increase in primary revenue,” he added.
With this, the TCU concluded that the risk of debt sustainability could be considered moderate in 2023 and the projection until 2028, given the pronounced domestic investor base (90.6% of National Treasury bondholders), and the small proportion of the debt in foreign currency, 3.1%.
With information from Gazeta do Povo
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