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.
More Testimonials