Brazil’s National Debt Rises to Record High 79.8 Percent of GDP

That is the highest gross debt since comparable data records began in 2006 and highlights the challenge the government faces in restoring the public finances to health, which the Central Bank says is a prerequisite for reviving confidence, investment, and growth.

RIO DE JANEIRO, BRAZIL - (Reuters) Brazil's national debt rose to the highest on record in August, central bank figures showed on Monday, driven by a combination of increased interest payments, higher borrowing, and a weaker exchange rate.

Brazil's total gross debt incorporating the central government, states, municipalities and the social security system rose to 79.8 percent of gross domestic product from 79.0 percent the month before, the central bank said.

That is the highest since comparable data records began in 2006 and highlights the challenge the government faces in restoring the public finances to health, which . . .

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