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Brazil's Deficit Rises Amid Spending Increase
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Overview
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Brazil's central government recorded a higher-than-expected primary deficit in November, attributed to increased spending, resulting in a year-to-date deficit of 114.6 billion reais. The federal public debt rose by 2.48% in November, reaching 6.325 trillion reais, driven by domestic and international issuances, improved market conditions, and a decline in the average interest rate on the domestic federal debt.
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How do the fluctuations in Brazil's public debt and deficit reflect broader trends in global finance and economic policies?
How might Brazil's increased spending and deficit impact its economic stability and fiscal responsibility?
What strategies could Brazil employ to address its rising public debt and improve its financial position?
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