Gov’t liabilities surpass assets by $558.6 bi
Liabilities went from $1.43 trillion to $1.60 trillion, up 11.6%
Published in 06/07/2020 - 14:10 By Kelly Oliveira - Brasília
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).
Translation: Fabrício Ferreira - Edition: Kleber Sampaio / Nira Foster
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