Brazil Public Sector: Borrowing Requirements

The nominal deficit of the consolidated public sector reached 3.45% of the GDP in the last 12 months ended in October/2013. As the graph shows, the nominal result reached its lower level in mid-2008, and has a growth trend since 2011. This deterioration in nominal result was due mainly to low pace of economic activity, which led to a lower growth of public revenues. On the other hand, expenditure continued with a pace of real growth, contributing to worse the public accounts.

Source: Central Bank of Brazil 

See also:

http://www.brazil-monitor.com/2013/11/brazil-gross-public-debt.html