Brazil's National Debt Falls On Higher Tax Revenue
SAO PAULO -(Dow Jones)- Brazil's net public sector debt declined in October as
the government paid down bonds from rising tax revenue, the Brazilian Treasury
said Monday in a statement.
Net public sector debt fell 1.09% from September to 1.37 trillion Brazilian
reals (US$797 billion), the Treasury said.
The Treasury was able to make net debt payments in October because of rising
revenue. Government tax revenues rose 33% from September to BRL68.8 billion.
The department said the proportion of pre-fixed bonds within the public-sector
debt declined to 31.2% from 32.7% in September. The proportion of bonds indexed
to inflation rose to 29.2% in October from 28.5% in September. The proportion
indexed to the Selic base rate rose to 37.7% in October from 36.9% in September.
The Selic rate is currently 8.75%.
-By Tom Murphy, Dow Jones Newswires; 55-11-2847-4519; brazil@dowjones.com
(END) Dow Jones Newswires
11-23-091257ET
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