In March, the public debt rose 0.6% compared to February.
With the increase, the values reached R$ 5.89 trillion (US$1.18 trillion) – an increase of more than R$36 billion in the highlighted period.
The National Treasury released the data on Wednesday, 26, and includes the federal government’s debts in Brazil and abroad.
Brazil issues the public debt to finance the budget deficit, which means covering expenses that exceed the collection of taxes, contributions, and other extraordinary revenues.
It is considered one of the main references to assess the country’s ability to make payments.
It serves as one of the evaluation parameters of global agencies that rate the country’s risk to investors.
The Central Bank also released the percentage of public debt, calculated from the Gross Domestic Product (GDP).
The figure reached 73% in February, compared to the same month in 2022.
In total, there was an increase of 0.5 percentage points.
On the other hand, the National Treasury’s liquidity reserve fell a little more than 2% and ended March with R$973.56 billion.
In the same period last year, there was a drop of 9.28% – when the value was R$1.07 trillion.
With this value, the country has 9.22 months of debt maturity.
The index refers to the cash on hand destined exclusively for debt repayment and the available balance of funds from the issue of bonds.
PUBLIC DEBT HOLDERS
In the same way, the group of financial institutions increased its stock among debt holders, going from R$1.56 trillion to R$1.59 trillion.
This represents a participation in the internal debt of 28%.
Followed by investment funds, with 23%, and social security, which accounts for another 23%.
The non-rentiers are a little more than 9%.
With information from Revista Oeste
Read More from The Rio Times