Brasília – Brazil’s Federal Public Debt (FPD) grew 2.38% in March from February, from BRL 2.819 trillion to BRL 2.886 trillion (USD 789 billion to USD 807.7 billion), the Brazilian National Treasury reported this Monday (25th) in Brasília.
Treasury indebtedness can come as a result of government bond sales via auctions, online (Treasury Direct) or direct bond issues. Another factor driving the debt up is the signing of loan agreements. BRL 52.22 billion (USD 14.61 billion) worth of FPD bond were issued and bond payments reached BRL 2.61 billion (USD 730 million), with the resulting net bond issuance at BRL 49.61 billion (USD 13.88 billion).
Last month, the debt went up as a result of a net BRL 45.03 billion (USD 12.60 billion) worth of bonds issued by the government, as well as appropriation of interest worth BRL 30.25 billion (USD 8.46 billion). The FPD is the outstanding federal public debt in non-local currencies. According to the National Treasury, “fluctuations [in the FPD) were mostly a consequence of the real gaining on currencies that make up the foreign debt inventory.”
*Translated by Gabriel Pomerancblum
