Government debt in Brazil reaches 90% of GDP for the first time

The increase in public spending to mitigate the effects of the new coronavirus pandemic has set the market on alert. Concerns about the rapid growth of public debt have become even greater.

RIO DE JANEIRO, BRAZIL - The gross government debt in Brazil rose from R$6.670 trillion in January to R$6.744 trillion in February, according to data from the Central Bank (BC). In relation to the Gross Domestic Product (GDP), the debt rose from 89.4% to 90%.

It was the first time in the entire historical series of the Central Bank that the indicator reached 90% of the GDP. The current methodology started in 2008.

The increase in public spending to mitigate the effects of the new coronavirus pandemic has set off a warning in the market. Concerns . . .

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