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Brazil forecasts gross debt at 80.6% of GDP by end of year

BY Reuters | ECONOMIC | 11/29/21 01:22 PM EST

BRASILIA, Nov 29 (Reuters) - Brazil's Economy Ministry forecast on Monday that the nation's gross debt would equal 80.6% of gross domestic product (GDP) at the end of 2021, an improvement from end-2020, when gross debt stood at 88.8% of GDP.

Net debt should end 2021 at 58.3% of GDP, down from 62.7% at the end of last year. Net debt is forecast to grow over the next decade, however, reaching 68.2% of GDP in 2030. (Reporting by Marcela Ayres; Writing by Gram Slattery; Editing by Brad Haynes)

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