Brazil’s Government Debt to Close 2019 Lower than 2018, Says Treasury Secretary

The Ministry of Economy had previously announced that the Central Government would end the year with a primary deficit of around R$80 billion, a significant drop in relation to the original R$139 billion target.

RIO DE JANEIRO, BRAZIL - The accelerated repayment by state-owned banks to the Treasury will lead to the Central Government's Gross Debt (DBGG) closing out 2019 between 76 and 77 percent of Gross Domestic Product (GDP), said National Treasury Secretary Mansueto Almeida yesterday.

The new projection is more optimistic than the one published last month, which suggested that the indicator would close the year at 80.8 percent of GDP.

The indicator considering the gross debt of the federal, state and municipal governments, called DBGG, closed 2018 at 77.2 percent of GDP. This is the main parameter used . . .

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