Brasília – Significant maturity of public bonds in January should make the Federal Public Sector Dept (DPF) temporarily return to less than R$ 2 trillion (US$ 1 trillion). According to the Annual Financing Plan, a document disclosed on Thursday (21) by the National Treasury, showing targets for public debt in 2013, last month alone, R$ 120 billion (US$ 60 billion) in bonds matured, which corresponds to 24% of maturity forecasted for the entire year.
Next Monday (25), the National Treasury should disclose the DPF results in January. The final value of the stock is the result of the difference between maturities and issues, but, according to the Treasury, it should be below R$ 2 trillion (US$ 1 trillion). In December, the debt had totalled R$ 2.008 trillion.
Concentration of maturities is typically at the beginning of quarters, due to the duration of contracts. Thus, the DPF usually records a drop in January, April, July and October. The largest number of maturities, however, tends to be in January.
*Translated by Mark Ament
