Brazil’s Debt Crisis Looms: 80% of GDP by 2024, Senate Experts Warn

Brazil’s public debt is projected to reach 80% of GDP by the end of 2024, according to the Senate’s Independent Fiscal Institution (IFI). This forecast contradicts the government’s more optimistic 76.6% prediction. The IFI’s Fiscal Monitoring Report highlights the federal government’s struggle with sustainable public spending, despite improved economic growth predictions. Brazil’s gross debt stood […]