Brazil's public debt has climbed to over 82% of GDP during President Lula's current term, increasing borrowing costs.
The Business Standard26 October 2026, 9:00 AM0 readsAMP
During President Lula's ongoing term, Brazil has seen its public debt rise by more than 10 percentage points. The debt level has now surpassed 82% of the country's GDP. This significant increase in public debt has subsequently led to higher borrowing costs for the nation.
