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 . . .