The total value of Brazil’s federal public debt securities, coupled with a low volume of redemptions last month, raised the country’s outstanding debt by 2.38 percent—from BRL 5.89 trillion in March to BRL 6.03 trillion in April, up BRL 140.12 billion. The numbers were released Monday (May 29) by the National Treasury Secretariat, of the Finance Ministry.
The secretariat predicts that the public debt should rise in the coming months. According to 2023’s Annual Financing Plan, released late in January, the debt stock should close the year between BRL 6.4 trillion and BRL 6.8 trillion.
Reserves
The country’s liquidity reserves—to be used in moments of turbulence or when a large number of maturities are due—which had sunk in March, rose in April, reaching a little more than BRL 1 trillion, up 1.57 percent in nominal terms.
Despite the increase, the reserves guarantee the payment of maturities for the next 8.55 months, a period slightly shorter than the 9.22 months seen in March. According to the Treasury, May, July, and September 2023 should concentrate maturities adding up to BRL 786.33 billion, which explains the reduction in the time span.
