FX.co ★ Brazil’s Net Debt-to-GDP Edges Down to 65.0% in January 2026

Brazil’s net debt-to-GDP ratio eased slightly at the start of 2026, slipping to 65.0% in January from 65.3% in December 2025. The latest reading, updated on 27 February 2026, signals a modest improvement in the country’s public debt profile.

The 0.3 percentage point decline comes after the ratio had reached 65.3% at the end of last year, suggesting some stabilization in debt dynamics as the new year began. While the movement is small in absolute terms, shifts in the net debt-to-GDP ratio are closely tracked by investors and policymakers as a key gauge of fiscal sustainability and macroeconomic risk.

Market participants will now be watching upcoming monthly releases to see whether January’s pullback marks the start of a more sustained trend or a temporary fluctuation in Brazil’s debt trajectory.