In September, Brazil's public debt reached USD 1.48 trillion, down 4.4% over the previous month. In relative terms, the debt reached 37.16% of GDP in September from 39.20 in August. However, a significant share of this decline is related to currency devaluation, because the Brazilian government has cash with in dollars. The effect of exchange rate variation meant a decrease of 2% of public debt relative to GDP.
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| Source: Central Bank of Brazil |
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