# Brazil's gross debt rises less than expected in 2024, aided by foreign reserves sale | Reuters

> Brazil's gross debt rose by 2.2 percentage points in 2024 to a ratio of 76.1% of GDP in December, less than the 77.0% economists expected. The central bank's sale of foreign reserves helped limit the increase.

- Date: 2025-01-31 · published 2025-01-31T12:00:00.000Z
- Category: report · region Brazil · magnitude low
- Page: https://feedsoft.ai/events/26714-brazil-s-gross-debt-rises-less-than-expected-in-2024-aided-by-foreign-reserves
- Commodities: [Brazilian Real (BRL per USD)](https://feedsoft.ai/c/USDBRL.md)

## Why it matters

Fiscal news shapes the real's direction, which affects Brazilian export prices for soybeans, meal and corn; a smaller debt rise is mildly supportive of the currency.

## Read by commodity

- USDBRL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| USDBRL | 2020-11-09 | [The Fed - Foreign Exchange Rates - H.10 -  November 09, 2020](https://feedsoft.ai/events/50374-the-fed-foreign-exchange-rates-h-10-november-09-2020.md) | -1.1% | -5.6% |
| USDBRL | 2026-07-24 | [US Dollar vs Brazilian Real slides slightly after US Treasury report on Brazil's currency practices](https://feedsoft.ai/events/18566-us-dollar-vs-brazilian-real-slides-slightly-after-us-treasury-report-on-brazil.md) | -0.3% | +1.9% |
| USDBRL | 2022-11-30 | [US cuts billions of dollars off of FY 23 ag export forecast \| 2022-11-29 \| Agri-Pulse Communications, Inc.](https://feedsoft.ai/events/14889-us-cuts-billions-of-dollars-off-of-fy-23-ag-export-forecast-2022-11-29-agri.md) | -1.0% | -0.5% |
| USDBRL | 2024-08-09 | [Brazil inflation speeds up in July as central bank vows 'caution'](https://feedsoft.ai/events/11944-brazil-inflation-speeds-up-in-july-as-central-bank-vows-caution.md) | -2.5% | -0.2% |

## Sources

- reuters.com: https://www.reuters.com/world/americas/brazils-gross-debt-rises-less-than-expected-2024-aided-by-foreign-reserves-sale-2025-01-31/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.