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Ajuste do orçamento financeiro e custo de carregamento da dívida pública no Brasil 2002-2021.
- Source :
-
Brazilian Journal of Political Economy / Revista de Economia Política . jan-mar2023, Vol. 43 Issue 1, p110-124. 15p. - Publication Year :
- 2023
-
Abstract
- The paper presents a decomposition of the net interest paid by the Brazilian government, in 2002-2021, dividing the expenditure in four parts: the real-interest-rate cost, the inflation cost, the carry cost of fixed-income assets and exchange-rate swaps. The analysis also details the carry cost in terms of the government's main financial assets: (international reserves and loans to the BNDES), showing that the financial adjustment of 2016-2021 reduced the equilibrium primary balance in around 2.5% of GDP. [ABSTRACT FROM AUTHOR]
Details
- Language :
- Portuguese
- ISSN :
- 01013157
- Volume :
- 43
- Issue :
- 1
- Database :
- Academic Search Index
- Journal :
- Brazilian Journal of Political Economy / Revista de Economia Política
- Publication Type :
- Academic Journal
- Accession number :
- 162152438
- Full Text :
- https://doi.org/10.1590/0101-31572023-3337