São Paulo – The Brazilian Federal Public Debt increased 3.16% in August from July this year to R$ 2.686 trillion (US$ 675.2 billion), the Secretariat of the National Treasury reported this Monday (28th). The debt grew by R$ 82.3 billion (US$ 20.6 billion) from July as a result of a larger number of bonds issued and exchange rate fluctuation.
Out of the total debt, R$ 2.552 trillion concern bond debt, up 3.1% from July. Another R$ 134.32 billion (US$ 33.7 billion) concern the Brazilian external debt, up 4.35% primarily due to the US dollar hike relative to Brazil’s real.
Although the debt grew, it remains within the National Treasury System’s forecast range for the year, i.e. between R$ 2.65 trillion and R$ 2.8 trillion (US$ 666 billion and US$ 703.9 billion).
*Translated by Gabriel Pomerancblum
