Brazil's gross public debt reached 82.5% of GDP in July, up from 81.9% in June, according to data released by the Central Bank on Monday.
The figure exceeded the Reuters survey median estimate of 82.1%, signaling a continued rise in the country's debt burden. Net public debt also climbed to 69.1% of consolidated public sector output, compared with 68.5% in June, while market expectations had pointed to 68.8%.
The consolidated public sector reported a primary surplus of 1.361 billion reais in July, far below the Reuters forecast of a 5.6 billion reais surplus. The central government posted a surplus of 10.975 billion reais, but states and municipalities recorded a primary deficit of 8.502 billion reais. State-owned enterprises contributed an additional deficit of 1.112 billion reais.
The data reflects fiscal challenges amid uneven economic performance across government levels, with subnational governments driving the primary shortfall.
