Brazil’s National Treasury will publish revisions to its 2026 Annual Financing Plan (PAF) on Wednesday, August 27, following a Tuesday statement confirming the update. The announcement will also include July’s public debt figures, providing the latest snapshot of the country’s fiscal position.
The Treasury did not disclose the specifics of the changes but indicated in July that a review of the PAF would likely be necessary. Market observers anticipate an increase in the volume of floating-rate bond issuances tied to the Selic benchmark interest rate, reflecting recent adjustments in monetary policy and debt management strategy.
The announcement is scheduled for release in Brasília, where the Treasury operates. The update follows a Tuesday statement confirming the timing of the disclosure, which will occur on a Wednesday as part of the Treasury’s regular schedule for releasing debt-related data and revisions.
The PAF outlines the government’s borrowing strategy for the year, including the types and volumes of securities to be issued. Any revisions may signal shifts in funding needs, cost management, or risk allocation in response to evolving economic conditions or policy objectives.
The inclusion of July’s public debt data will provide additional context on the country’s fiscal trajectory, including outstanding debt levels and composition by instrument type.
