Nov 25, 2011

Brazil: Gross Public Debt

The Brazilian gross public debt achieved 55.4% of GDP in October, according to data released today by the Central Bank. There was a fall of 0.4% compared to September 2011 and an increase of 0.69% compared to December 2010.

The main factors that contributed to the behavior of gross debt in 2011 was the effect of GDP growth, which reduced the debt at 4.7%. On the other hand, interest payments contributed to the increase of ratio gross debt to to GDP by 5.2% in the period.

The following chart shows the recent evolution of the gross debt over GDP.

Source: Central Bank of Brazil

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