Brazil's federal public debt rises 1% to R$ 3,75 trillion in June.
This is according to data released by the National Treasury; the Domestic Public Debt in Securities (in bonds) circulating in the national market rose 0,94%, reaching R$ 3,607 trillion; one of the reasons for this growth was the accrual of interest amounting to R$ 33,24 billion.
By Kelly Oliveira - Reporter for Agência Brasil
The Federal Public Debt (DPF) reached R$ 3,754 trillion in June, with an increase of 1,01% compared to the previous month, according to data released today (25) by the National Treasury.
Domestic Public Debt in Securities (DPMFi), circulating in the national market, rose 0,94%, reaching R$ 3,607 trillion. One of the reasons for this growth was the accrual of interest amounting to R$ 33,24 billion. The accrual of interest represents the gradual recognition of the rates that adjust the public debt. The rates are incorporated month by month into the debt stock, according to the index of each security. Another factor for the expansion of domestic debt in securities was the net issuance (more issuances than maturities of securities) of R$ 580 million.
Brazil's external public debt rose 2,67% in June compared to May, reaching R$ 146,79 billion (US$ 38,07 billion).
Despite the increase in June, the Federal Public Debt (DPF) remains below Treasury forecasts. According to the Annual Financing Plan, released at the end of January, the trend is for the DPF stock to end the year between R$ 3,78 trillion and R$ 3,98 trillion.
Through public debt, the government borrows resources from investors to honor its commitments. In return, it commits to repaying the money with some adjustment, which can be defined in advance, in the case of fixed-rate bonds, or follow the variation of the Selic rate, inflation, or the exchange rate.