Lula's third term is expected to close with the highest issuance of public securities indexed to the Selic Rate since the 2006-2010 cycle. Through July, the current administration placed R$ 2.8 trillion in bonds linked to the basic interest rate in the market, representing 48.2% of the total issued in the period, reaching R$ 5.7 trillion.
The volume issued by the Lula administration surpasses all previous presidential periods since his second term, when the National Treasury's historical series began. The growth in the issuance of these bonds indicates a deterioration in the profile of Brazilian public debt.
The article is exclusive for subscribers and does not provide further details about the causes of this change in the debt profile or its consequences for the Brazilian economy.
