Federal public debt rises almost 1% in September and reaches R$9.4 trillion

The federal public debt (DPF) rose again in September and reached R$9.38 trillion. According to Revista Oeste, the stock increased 0.97% compared to August, when it totaled R$9.29 trillion. In absolute numbers, the increase was R$90.2 billion in just one month.

The data is based on the Monthly Debt Report (RMD), a National Treasury publication that details the federal government's indebtedness. It is the reference document for anyone who wants to measure the size of their debt and monitor its evolution over the months.

A jump of R$90 billion in one month is not a detail for a stock that already exceeds R$9 trillion. The advance fuels the debate about the need to contain expenses to stabilize debt.

The monthly variation in debt depends on factors such as deficit financing and the issuance and maturity of bonds. Therefore, the number for a single month must be read together with the historical series and the rest of the public accounts.

For the market, the weight of debt translates into costs. The greater the volume of securities to be financed, the greater the remuneration demanded by investors tends to be, and this movement influences interest rates, exchange rates and the perception of risk about the country.

What changes for the investor

For those who invest in the stock market, interest rates and the dollar, the data is yet another sign that the fiscal scenario remains a point of attention. Rising debt tends to make future interest rates more sensitive to news about spending and revenue, which can be reflected in the exchange rate and in sectors more exposed to the cost of money. These effects, however, depend on other variables, such as the fiscal result, inflation and the conduct of monetary policy, which are not evaluated by the monthly report.

Automatically translated from Portuguese.