São Paulo – Brazil’s Federal Public Debt declined by R$ 4 billion (US$ 1.65 billion) in August from July due to payments of bonds. According to results for the period released this Thursday (25th) by the National Treasury Secretariat, the Brazilian debt amounted to R$ 2.169 trillion (US$ 899.5 billion) in August. One month earlier, the debt was R$ 2.173 trillion (US$ 901.1 billion).
According to National Treasury information released by Agência Brasil, the debt dropped because Brazil repaid more than it borrowed. During the period, bonds worth R$ 71.1 billion (US$ 29.4 billion) matured. Bonds issued amounted to R$ 52.29 billion (US$ 21.69 billion).
As a consequence of lower indebtedness levels, Brazil’s debt has fallen below the National Treasury’s forecasts again. The Treasury expects debt to be between R$ 2.17 trillion (US$ 899.9 billion) and R$ 2.32 trillion (US$ 962.1 billion) by the end of the year. August was the second straight month in which debt declined.
*Translated by Gabriel Pomerancblum
