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(São Paulo, Brazil) – The Brazilian government's efforts to balance the budget are increasingly weighing on public debt [19659011AccordingtotheBraziliancentralbankattheendofJunetotalcombinedpublicdebtwiththefederalstateandmunicipalgovernmentsamountedto$52trillion(about1551trillionwon)2%ofgrossdomesticproduct(GDP)Thisisthehighestratesincethebeginningofthecentralbankcountwith257percentagepointshigherthanthelowestrateof515%in2013
Public debt has exceeded 5,000 trillion won for the first time since May Debt is the main criterion for national credit rating
International rating agencies such as Standard & Poor's and Moody's and Pitch have worked on improving their ratings from late 2015 to early 2016, was downgraded to junk food level at the same time.
President Michele Termeur (right) and Treasury Secretary Eduardo Dugarjia [브라질 뉴스포털 UOL]
The International Monetary Fund (IMF) urged the Brazilian government to remove structural problems to prevent robust growth,
If the trend As the current trend continues, the ratio of public debt to GDP will reach 96.3 percent in 2023, well above the average for Latin America (61 percent) as well as emerging economies.
The Brazilian government is campaigning for pension reforms, including increasing the retirement age, but the federal parliament's vote on the reform bill has been postponed since the October elections. Even if the election is over, voting will not be possible until this year
2018/08/01 01:12 Song
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