Brazil Daily

Brazil facing crippling debt in post-Covid-19 world

We’re covering today the worrisome prospects for Brazil’s public debt. The plan to give financial aid to state administrations. And the massive underreporting of coronavirus cases in Brazil.

What will happen to Brazil’s public debt?

The uncertainties created by the coronavirus crisis will affect the trajectory of Brazil’s GDP and its public debt for the next decade, says a report by the Independent Fiscal Institution (IFI) — a consultancy body attached to the Brazilian Senate. Before the coronavirus, the IFI expected the government’s level of indebtedness to remain stable, at around 80 percent of GDP until 2024, before decreasing. Now,...

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