Public debt up 0.63% in March to BRL 5.89 tri
Brazil’s federal public debt rose from BRL 5.856 trillion in February to BRL 5.893 trillion last month—up 0.63 percent. The figures were released Wednesday (Apr. 26) by the National Treasury, which estimates the debt should continue to grow over the coming months.
According to the Annual Debt Management Plan, unveiled in late January, the debt stock should close out 2023 between BRL 6.4 trillion and BRL 6.8 trillion. The high volume of bond maturities linked to Brazil’s benchmark interest rate, the Selic, kept the debt below BRL 6 trillion in March.
Holders
Financial institutions are still the top holders of the domestic public debt, with a 28.1 percent of the stock. Next come investment funds (23.8%) and pension funds (23.4%).
The slice held by non-residents—i.e., foreigners—fell slightly, from 9.8 percent in February to 9.7 percent in March. The relative stability was observed despite the turbulence in foreign markets, marked by crises in US and European banks. The remaining groups add up to 15 percent.
