BRASILIA The cost to Brazil's government of servicing its ballooning domestic debt fell to an all-time low in August, official figures showed on Monday, following the drop in official interest rates and a dramatic shortening of the debt profile.
BRASILIA, Sept 24 Brazil's National Monetary
Council (CMN) on Thursday announced new measures to expand and
speed up the flow of credit to micro-sized businesses, many of
whom have been hardest hit by the economic shock from the
BRASILIA Despite a spike in Brazil's long-term interest rates serving as a "warning" to remedy public finances, the central bank's record low official interest rate means there is little risk - if any - to the government's ability to service its ballooning debt.
BRASILIA, Sept 23 Low interest rates will help
Latin American governments service their rising debt burdens,
potentially for some time to come as low growth and inflation
suggest borrowing costs are unlikely to rise much, ratings
agency Moody's said on Wednesday.
BRASILIA, Sept 23 Despite a spike in Brazil's
long-term interest rates serving as a "warning" to remedy public
finances, the central bank's record low official interest rate
means there is little risk - if any - to the government's
ability to service its ballooning debt.
BRASILIA Brazil's government is on course to post a primary budget deficit of 861 billion reais ($157 billion) this year, the Economy Ministry said in its bimonthly revenue and expenditure report on Tuesday, factoring in extended emergency transfers to the poor through the end of December.
BRASILIA Brazil's recent market volatility and a surge in borrowing costs are a "warning" that the government must rein in spending and get back on a more stable fiscal footing, the country's top treasury official told Reuters.
BRASILIA, Sept 17 Brazil's government is
committed to lowering the country's tax burden as a share of its
gross domestic product, but not necessarily in absolute terms,
Productivity and Competition Secretary Carlos da Costa said on
BRASILIA Brazilian interest rate curves steepened on Thursday to the highest in months, as traders priced in official rates being kept lower for longer and as growing uncertainty surrounding the government's fiscal outlook pushed up longer-term yields.
BRASILIA, Sept 16 Brazil's central bank kept its
key interest rate at a record-low 2.00% on Wednesday, pledging
to stimulate the coronavirus-hit economy with "forward guidance"
rather than more rate cuts because of the risk to financial
market stability that they could pose.