Brazil gross debt rose to 82.5% of GDP in July, R$10.9 trillion (US$2.1 trillion), as a R$1.4 billion primary surplus was dwarfed by interest costs.
BRAZIL · PUBLIC FINANCE
Key Facts
—What happened: Brazil’s gross public debt rose to 82.5 percent of GDP in July, the highest since April 2021.
—How big: The debt reached R$10.9 trillion (US$2.1 trillion), up from 81.9 percent of GDP in June.
—The real story: Interest cost R$98.963 billion (US$19.1 billion) in July alone, driving a R$97.6 billion nominal deficit.
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