Brazil Net Public Debt (% of GDP)

## What this measures

The net debt of Brazil's consolidated public sector (federal, state and local governments and state companies, less the central bank's assets such as reserves), as a percent of GDP.

## Why it matters

Brazil's fiscal path is the main domestic risk its markets price.

## How to read it

It was 69.3% in August 2026. Read it beside gross debt (brazil.fiscal.gross_debt_pct_gdp): the gap is mostly the central bank's reserves.

## What it does not say

Net debt subtracts assets, so it can fall when the real weakens (reserves rise in reais).

## Source

Banco Central do Brasil, SGS series 4513 (Dívida Líquida do Setor Público, % PIB, setor público consolidado). Palanor reads it every day. Contains information from Banco Central do Brasil's open data, made available under the Open Database License (ODbL).