Federal government domestic debt reaches US$474 billion

15/03/2006 - 14h23

Stênio Ribeiro
Reporter - Agencia Brasil

Brasilia – Brazilian domestic debt increased US$11.88 billion in February, reaching a record high of US$474 billion. Debt titles, issued by the National Treasury, went up 2.6% last month, when compared with January, as announced by the Coordinator of Operations of the Treasury Public Debt, Paulo Valle, this Thursday (15).

In Valle’s opinion, this was an ordinary result, because the Annual Financing Plan (PAF) estimates indebtedness of up to US$564 billion by the end of the year. The increase, according to him, results from title issuance being superior to redemptions (US$6.96 billion), and to expenses (US$4.91 billion).

Translation: Andréa Alves