February 27, 2020 / 2:00 PM / in a month

Brazil national debt to rise in coming years, nearing 80% of GDP by 2023 - Treasury

BRASILIA, Feb 27 (Reuters) - Brazil’s gross national debt is expected to rise to 77.9% of gross domestic product this year from 75.8% last year, the Treasury said on Thursday, predicting a steady rise in the coming years to 79.4% by 2023 before falling back again.

The Treasury’s calculations are based on the central bank’s benchmark Selic interest rate staying at 4.25% this year then rising to 6.5% in 2022, and medium-term growth of 2.5% and inflation of 3.5%, it said.

Reporting by Marcela Ayres Writing by Jamie McGeever Editing by Hugh Lawson

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below