Brazil's gross debt rises to 81.9% of GDP
In the three and a half years of the current government of the Brazilian President, Lula da Silva, the relationship of public debt compared to GDP rose 10.2 points..
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Summary
In the three and a half years of the current government of the Brazilian President, Lula da Silva, the ratio of public debt compared to GDP rose by 10.2 percentage points, according to calculations by the Brazilian Federal Senate Independent Tax Institute (IFI). Considering the current pace, it evaluates the IFI, it can reach 115% of GDP within 10 years. This value is the worst recorded by the Brazilian monetary authority within the historical series since 2002.
Furthermore, The result represents 81.9% of Gross Domestic Product, which means an increase of 0.9 percentage points compared to the month of May, being the highest level ever recorded since April 2021, when gross debt was 82.6% of GDP. The oil company Petrobras, the electric power company Eletrobras (privatized in 2022), and the federal public banks remain outside these calculations. Brazil's gross debt rises to 81.9% of GDP and state companies have record deficit.
Cross-referenced from 3 sources.
Factual coreconfirmed by several independent voices
In the three and a half years of the current government of the Brazilian President, Lula da Silva, the ratio of public debt compared to GDP rose by 10.2 percentage points, according to calculations by the Brazilian Federal Senate Independent Tax Institute (IFI).
reliability low1/3 sourcesConsidering the current pace, it evaluates the IFI, it can reach 115% of GDP within 10 years.
reliability low1/3 sourcesThis value is the worst recorded by the Brazilian monetary authority within the historical series since 2002.
reliability low1/3 sourcesThe result represents 81.9% of Gross Domestic Product, which means an increase of 0.9 percentage points compared to the month of May, being the highest level ever recorded since April 2021, when gross debt was 82.6% of GDP.
reliability low1/3 sourcesThe oil company Petrobras, the electric power company Eletrobras (privatized in 2022), and the federal public banks remain outside these calculations.
reliability low1/3 sourcesBrazil's gross debt rises to 81.9% of GDP and state companies have record deficit.
reliability low1/3 sources
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