2023-06-30 11:19:14
According to the BC, the central government (National Treasury, Social Security and Central Bank) had in the fifth month of 2023 expenses in the interest account of R$ 59.741 billion
The consolidated public sector had a negative result of R$ 69.053 billion with interest in May, after this item ended April with an expenditure of R$ 45.753 billion, informed this Friday morning, 30, the Central Bank.
In the year, the accumulated interest expense is R$ 296.596 billion, or 6.87% of the Gross Domestic Product (GDP), while, in 12 months, the negative result is R$ 695.572 billion, which represents 6.77 % of GDP.
According to BC, the central government (National Treasury, Social Security and Central Bank) had in the fifth month of 2023 expenses in the interest account of R$ 59.741 billion. Regional governments recorded expenditures of BRL 8.775 billion and state-owned companies, expenditures of BRL 537 million.
gross debt
Brazilian public debt rose for the second straight month in May. Data released this Friday by the Central Bank show that the Gross Debt of the General Government reached BRL 7.563 trillion last month, which represents 73.6% of GDP.
This level is higher than the April rate of 72.9% of GDP (revised data). The peak of the gross debt series was reached in October 2020 (87.6%), due to the fiscal measures adopted at the beginning of the covid-19 pandemic. At its best, in December 2013, gross debt reached 51.5% of GDP.
The Gross Debt of the General Government – which encompasses the federal government, state and municipal governments, excluding the Central Bank and state-owned companies – is one of the benchmarks for assessing, by global risk rating agencies, the solvency capacity of the Country. In practice, the greater the debt, the greater the risk of default by Brazil.
Likewise, the Net Public Sector Debt (DLSP) grew in the fifth month of 2023. It went from 57.0% in April (revised data) to 57.8% of the Gross Domestic Product. The DLSP reached BRL 5.935 trillion. Net debt has lower values than gross debt because it takes into account Brazil’s international reserves.
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