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LatinNews Regional Monitor: Brazil & Southern Cone - 29 January 2020

In brief: Brazil’s public debt increases but on track to stabilise

* Brazil’s national treasury secretariat in the economy ministry has published its annual report on the country’s federal public debt (DPF), which shows that public debt totalled R$4.248trn (US$1.013tn) in December 2019. This represents a 1.03% increase on the stock of public debt in November 2019, and is up from R$3.87trn at the close of 2018. It remains within the government’s limit of R$4.1trn-R$4.3trn. The national treasury secretary, Mansueto Almeida, noted that results in 2019 have been positive. “We ended the year much better than expected, because we are still in the midst of a fiscal adjustment […]. Although the government still has its accounts in the red, we’ve had a very positive trajectory of public debt”, Almeida said, noting that gross public debt expanded from 51% of GDP in 2013 to 76.5% of GDP in 2018, but that under the current scenario public debt will not exceed 80% of GDP as was initially predicted.

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