Brazil Finance Minister Pledges Lower Debt Than His Own Budget Shows
Brazil's finance minister Dário Durigan says debt will fall below 80% of GDP by 2030. The government's own budget bill projects 87.5% that year, a gap of 7.5 points. The post Brazil Finance Minister Pledges Lower Debt Than His Own Budget Shows appeared first on The Rio Times .
Brazil's Finance Minister, Dário Carnevalli Durigan, has pledged that the country's debt will fall below 80% of economic output by 2030. This is lower than the government's own projection of 87.5% debt-to-GDP for the same year. Durigan, who has been in office since March 2026, made the pledge in an interview with the Brazilian news portal UOL on September 18, 2026.
He stated, "In fact, I did not want it to go above 80% of GDP," but added that the country will indeed reach below 80% GDP by 2030. The current gross general government debt stands at 82.5% of GDP, or R$10.947 trillion, according to July 2026 figures from Brazil's central bank.
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