Brasília – The Brazilian Federal Public Debt dropped 3.22% in October 2015 from the month before. Overall, the debt went from BRL 2.734 trillion (USD 734.4 billion at current exchange rate) to BRL 2.646 trillion (USD 710.8 billion). It was the first month-on-month reduction in public debt since January of this year. The numbers were released this Tuesday (24th) by the National Treasury. Treasury indebtedness can be a result of bond offerings in auctions, online (Treasury Direct) or via direct issuance (for a specific destination).
Last month, federal debt issuances amounted to BRL 37.79 billion (USD 10.15 billion), with the sum of bonds redeemed much higher at BRL 148.74 billion (USD 39.9 billion). “There was an all-time high in number of bonds maturing in October, especially Letras do Tesouro Nacional [National Treasury Securities]", said the National Treasury’s general coordinator of Public Debt Operations José Franco. The Brazilian government’s Plano Anual de Financiamento (annual financing plan) estimates a Federal Public Debt of between BRL 2.620 trillion (USD 703.8 billion) and BRL 2.8 trillion (USD 752.2 billion) in 2015.
*Translated by Gabriel Pomerancblum
