Brazil's public debt reaches $852 billion

Brazil's Federal Public Debt (FPD) rose a nominal 2.82%* in May compared to April, going from $828.7 billion to $852 billion. The data, which includes both domestic and external debt, was released by the National Treasury today (Jun. 27).

The Treasury may borrow money by auctioning government securities, selling online (Treasury Direct) or through direct issuances. It may also sign loan agreements. In May, FPD issuances totaled $16.5 billion, whereas redemptions totaled $3.4 billion, resulting in net issuances of $13 billion.

The Outstanding Domestic Federal Public Debt (DFPD) held by the public increased 2.77%, going from $790.6 billion to $812.5 billion.

Regarding the External Federal Public Debt (EFPD), there was a 3.94% increase from the previous month, reaching $37.47 billion. Of this total, $34.05 billion consists of securities, and $3.42 billion is contractual debt.

The EFPD is the existing debt in the international market that is denominated in foreign currencies. According to the National Treasury, the EDPF fluctuations were mainly due to the appreciation of the real against the currencies that make up the outstanding external debt.

According to the Annual Borrowing Plan, the government estimates the 2016 Federal Public Debt to range between $917.9 billion and $977 billion.

Translated by Mayra Borges