29.08.202513:09:05UTC+00Brazil Gross Debt to GDP Rises in July

In July 2025, Brazil's Gross Public Debt climbed to 77.6% of its GDP, amounting to R$9.6 trillion. This marks an increase of 0.9 percentage points from the previous month. The rise was predominantly influenced by accrued nominal interest, accounting for an increase of 0.8 percentage points, net debt issuance adding 0.4 percentage points, the depreciation of the exchange rate contributing 0.1 percentage points, and a decrease in nominal GDP causing a reduction of 0.4 percentage points. Over the year, the gross public debt to GDP ratio grew by 1.1 percentage points. This was largely driven by accrued nominal interest, which added 5.1 percentage points, offset partially by nominal GDP growth contributing a decrease of 3.6 percentage points, and exchange rate appreciation reducing the debt by 0.4 percentage points.