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Government debt in Brazil is growing rapidly [ClearOnMoney]
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Government debt in Brazil is growing rapidly

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Commentary

Government debt in Brazil is growing rapidly

18 Jun 2013 by Jim Fickett.

General government gross debt in Brazil is nearing 70% of GDP and is growing rapidly. This is relevant to the general topic of emerging market debt. While I do not think there are likely to be big near-term problems in Brazil, I also think there are reasons to be concerned about the value of its currency in the long term.

President Rousseff shows no sign of reigning in any of the excessive spending that made Lula so popular, but sets the country up for long-term problems. (See the Reference page Brazil government debt for definitions, background, sources, and past commentary.)