31.03.202611:30:00UTC+00Brazil’s Gross Debt Edges Higher in February, Extending Upward Trend

Brazil’s gross debt-to-GDP ratio inched up to 79.2% in February 2026, from 78.7% in January 2026, according to data updated on 31 March 2026. The move signals a continued monthly rise in the country’s debt burden relative to the size of its economy.

On a month-over-month basis, February’s reading reflects a further increase following January’s uptick, reinforcing a short-term upward trend in leverage. Under the comparison framework, the “Actual” figure captures the change from January to February, while the “Previous” reflects the change observed from December 2025 to January 2026, highlighting back-to-back monthly increases in Brazil’s gross debt ratio.

The persistent climb in the debt-to-GDP ratio may draw close scrutiny from investors and policymakers, as it can influence perceptions of fiscal space, borrowing costs, and the broader macroeconomic outlook for Latin America’s largest economy.