Brazil's public debt down in AugustStaff writer ▼ | September 27, 2014
Brazil's Federal Public Debt declined by R$ 4 billion ($1.65 billion) in August from July due to payments of bonds.
Good news The National Treasury Secretariat
According to National Treasury information released by Agencia Brasil, the debt dropped because Brazil repaid more than it borrowed. During the period, bonds worth R$ 71.1 billion ($29.4 billion) matured. Bonds issued amounted to R$ 52.29 billion ($21.69 billion).
As a consequence of lower indebtedness levels, Brazil's debt has fallen below the National Treasury's forecasts again. The Treasury expects debt to be between R$ 2.17 trillion ($899.9 billion) and R$ 2.32 trillion ($962.1 billion) by the end of the year. August was the second straight month in which debt declined. ■