Brazil’s public debt falls further to 78.2% of GDP in May, according to central bank

Data released by the Central Bank on Friday morning (29th) showed that the government’s gross debt stood at R$7.098 trillion at the end of the month, equivalent to 78.2% of gross domestic product (GDP).

The average in Latin America at the end of 2021 was 72.04%.

The percentage published by the Central Bank is lower than the 78.9% in April. A year ago debt stood at 84%, and at the end of 2020, it was close to 90%

However, the equally important foreign debt figures showing how dependent a nation is on foreign goodwill.

With only 11% foreign debt in 2020 (latest available figures), Brazil is in an enviable situation, whether in Latin America or globally.

This article was produced by The Rio Times’ automated newsroom system. How we use AI · Report an error