Brazil Finance Minister Dario Durigan blames high interest rates for rising public debt

Finance Minister Dario Durigan told GloboNews that Brazil’s public debt growth is driven primarily by high interest rates rather than increased government spending. He explained that the Treasury is rolling over old debt with new securities, which raises the debt burden, and noted that the debt surpassed R$9.2 trillion in June.

Durigan also said the government is not discussing changes to the minimum‑wage linkage or any capital‑control measures, and highlighted that the three major rating agencies have upgraded Brazil’s credit outlook during the current administration. He reaffirmed the commitment to improve fiscal results and stabilize the debt trajectory over the medium to long term.