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Brazil's public debt down in August

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Staff writer ▼ | September 27, 2014
Good news   The National Treasury Secretariat

Brazil's Federal Public Debt declined by R$ 4 billion ($1.65 billion) in August from July due to payments of bonds.

According to results for the period released this Thursday by the National Treasury Secretariat, the Brazilian debt amounted to R$ 2.169 trillion ($899.5 billion) in August. One month earlier, the debt was R$ 2.173 trillion ($901.1 billion).

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.

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