Brazil US$39 Billion Credit Release Pushes Public Debt Higher

Fiscal Anchor Under Strain Key Facts —The proposal. The government weighed exempting roughly R$200 billion (US$39 billion) from the constitutional spending cap. —Debt trajectory. Analysts warned gross debt could climb toward 90% of GDP by the end of the current term. —Current level. Brazil’s gross general government debt stood at 80.4% of GDP in April…