RIO DE JANEIRO, BRAZIL - The federal public debt closed out July with a 0.38 percent hike without discounting inflation, in relation to the previous month.
In July, the debt balance stood at R$3.993 (US$1) trillion, against R$3.977 trillion in June. The data are included in the monthly debt report, released on Wednesday, August 28th, by the National Treasury Secretariat of the Ministry of Economy.
The public debt is issued by the National Treasury to cover expenses that exceed the collection of taxes, contributions, and other revenues, financing the government's budget deficit.
The variation . . .