Tag: annual financing plan

Brazil’s public debt grows 9.5% in 2019 to a $1 billion record

Brazil’s federal public debt increased 9.5% in 2019 compared to the previous year, reaching a record R$ 4.248 million ($1.012 billion), the National Treasury Secretariat of the Ministry of Economy of Brazil reported. However, despite the increase, the 2019 Annual Financing Plan (PAF) was fulfilled, which established that the public debt could end last year between R$ 4.1 billion and R$ 4.3 billion.