A dívida pública brasileira no pós plano real (1994 - 2014)

Abstract

The research aimed to analyze the evolution and structure of the Brazilian Public Debt in the post Real Plan. The methodology can be classified as descriptive, about the procedures, the research is bibliographic, the main sources, for the realization of it, were scientific papers, books and numerical data of the Bacen (Central Bank of Brazil) and IPEADATA. The results show that the national debt had tripled its amount from 1994 to 2014. However, it upgraded its profile, the deadline of the bonds increased and indexed to the exchange and Selic rate decreased, causing the vulnerability to be reduced in relation to foreign currency and ensuring bigger autonomy to the monetary policy, to have less bonds linked to the interest rate (Selic). About the external public debt, there was a significant reduction on its amount. With the improvement of the Brazilian economy in the early 2000, the country managed to accumulate international reserves to pay the foreign debt, which was held in 2006. At the end of the reporting period, Brazil had considerable value in international reserves and a growing liability in national currency, that, at least a part, was due to a process of internalization of the external Brazilian debt.