Brazil’s gross debt to fall to 74.3% of GDP in 2022, says Guedes

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FILE PHOTO: Ceremony of the 30th anniversary of the Economic Policy Secretariat (SPE), in Brasilia

BRASILIA (Reuters) – Brazilian Economy Minister Paulo Guedes projected on Tuesday that the country’s gross debt would fall to 74.3% of GDP in 2022, the lowest level since 2018 (75.3%).

Speaking at a news conference, he also estimated the central government’s primary budget surplus to reach 0.4% of GDP this year, higher than the 0.2% level forecast earlier by the Economy Minister.

(Reporting by Marcela Ayres, Editing by Chris Reese)

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