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Brazil’s federal government debt rises 21.7% in 2015

January 25, 2016 by

Brazil’s federal government debt rose 21.7% in 2015, the biggest single-year leap since the Real Stabilization Plan of 1994, as the government added nearly R$500 billion in new obligations, the Federal Treasury said Monday. The debt rose by a net volume of R$498 billion to close the year at R$2.793 trillion, the Treasury said. Debt rose on a combination of factors, including higher interest rates and a decline in tax revenues due to a persistent recession.

Link to government news agency release.

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