Gov’t liabilities surpass assets by $558.6 bi

Government liabilities grew more than assets last year. Assets—cash the country has on hand, long-term credit, investment, among others—increased 6.2 percent from 2018 to 2019, going from $987 billion to $1 trillion.

Liabilities, in turn, meaning all obligations, loans, and provisions, went from $1.43 trillion to $1.60 trillion, up 11.6 percent between 2018 and 2019.

The numbers brought the federal government’s negative net property (how much liabilities surpassed assets) up 23.4 percent in nominal terms, closing out 2019 at $558.6 billion.

The figures can be found in the yearly accounting report from the National Treasury, released in Brasília today (Jul. 6).