The United States, like other developed economies, is facing a chronic imbalance in government accounts, just like Brazil. This situation represents a significant shift in the global economic landscape, where developed countries traditionally maintained greater fiscal control.
The deficit in public accounts worsened since the COVID-19 pandemic. US public debt reached the $40 trillion mark, highlighting the severity of the fiscal problem faced by the world's largest economy.
In recent weeks, US bond yields reached the highest levels in two decades. This increase in interest rates reflects the loss of investor confidence in the American government's ability to control its spending.
The rise in US bond yields caused turbulence in global markets, affecting economies around the world. The situation reinforces the need for imposing spending control also in Brazil, which faces fiscal challenges similar to those of developed economies.
