Brazil’s federal public debt climbed to R$7.94 trillion ($1.47 trillion) in July, up 0.71% from June, according to the National Treasury. The increase of R$55.8 billion ($10.3 billion) came almost entirely from interest charges, which added R$89.6 billion ($16.6 billion), while net new borrowing was modest at R$33.8 billion ($6.3 billion). The debt is overwhelmingly … Continue reading Brazil’s Debt Nears $1.5 Trillion as Interest Costs Erode Fiscal Space