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Brazil sees 2022 public debt as high as 6.4 trillion reais -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: This is a man taking a photograph with his cellphone of an electronic display board that displays the current fluctuations of Brazilian market indices. It can be seen in Sao Paulo’s B3 Stock Exchange on October 28th, 2021. REUTERS/Amanda Perobelli

BRASILIA (Reuters – Brazil’s current public debt is likely to rise to between 6 trillion reais or 6.4 trillion reais this year, an increase of 14% over last year’s 5.614 trillion reais ($1.03 TRILLION), according to the Treasury on Wednesday.

According to the Treasury, the Treasury expects Brazil’s average debt maturity to rise to 3.8 to 4.2 years this year, from 3.8 in 2021. The Treasury also predicts that the proportion of Brazil’s maturing debt over the next twelve months will be 19% to 23%, as opposed to 21%.

($1 = 5.4359 reais)

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