Brazil’s public debt fell in October to lowest level since pre-pandemic

Federal government gross debt (GBD) fell to 76.8% of GDP in October.

It retreated by 0.3 percentage points compared to September and 5.6 percentage points compared to the same month of 2021.

The Central Bank published the data on Wednesday.

Public debt fell by 3.5 percentage points in 2022, from 80.3% to 76.8% of GDP in the period. According to KT, in 12 months, it retreated by 5.6 percentage points.

The federal government said the rate should be 74% in December 2022.

This level would be lower than the percentage in . . .

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