FX.co ★ Brazil’s Debt Burden Eases Slightly as Gross Debt-to-GDP Edges Down in December

Brazil’s gross debt-to-GDP ratio dipped marginally in December 2025, signaling a modest easing in the country’s public debt burden. The indicator fell to 78.7% in December from 79.0% in November 2025, according to data updated on 30 January 2026.

On a month-over-month basis, the latest reading shows a 0.3 percentage point improvement compared with the previous month’s level, which had stood at 79.0%. The comparison framework defines the “Actual” figure as the change relative to the prior month, while the “Previous” figure reflects the change seen in November compared with October.

While the move is incremental, the slight decline in the debt ratio may be viewed by investors and policymakers as a constructive signal for Brazil’s fiscal trajectory heading into 2026, following a period of close market scrutiny of the country’s debt dynamics.