CENTRAL GOVERNMENT DEBT

Contact Person

Organization

CEP 70.074-900

Phone Number

Fax Number

E-mail

Coverage characteristics

The gross debt data will be published from December 2001 on.

Periodicity

Timeliness

Advance dissemination of release calendar

Simultaneous release to all interested parties

Dissemination of terms and conditions under which official statistics are produced, including those relating to confidentiality of individual responses

The Central Bank guarantees the confidentiality of the data in observance of the established in Article 38 of the Law Nr. 4595.

The Law Nr. 4595, the National Monetary Council resolutions, and other rules issued by the Central Bank of Brazil, as well as other legislation, can be found in Portuguese on the Central Bank's Internet page:

http://www.bcb.gov.br/mPag.asp?cod=106&Perfil=1&codP=0

These laws are available to the public in Portuguese at the Internet page of the Presidency of the Republic, under search of decrees and laws

http://www.planalto.gov.br.

Identification of internal government access to data before release

Identification of ministerial commentary on the occasion of statistical releases

Provision of information about revision and advance notice of major changes in methodology

Dissemination of documentation on methodology and sources used in preparing statistics

Methodological comments on the gross debt will be presented as explanatory notes in the monthly Central Bank Bulletin and on the Internet. Technical notes describing the methodology used to compile data will be published in the Bulletin. Information on the comparability of statistical series will also be released in explanatory notes in the Bulletin.

The methodology utilized for the measurement of fiscal statistics by the Central Bank according to the “below the line” criterion is described in the Fiscal Statistics Handbook available at
(http://www.bcb.gov.br/ftp/infecon/Manual.pdf )

Dissemination of component detail, reconcilliations with related data, and statistical frameworks that support statistical cross-checks and provide assurance of reasonableness

Notes

Central Bank Press Release is published in Portuguese and is available free of charge.

DEMAP/DISUP/SUIMP
SIG - Quadra 8 – Lote 2025
70610-400 Brasilia (DF) - Brasil
Telephone 55 61 3344-1554
Fax 55 61 3344-2982
e-mail: demap.disup@bcb.gov.br

The cost is R$ 19.05 per issue.

Definition of the components of the Central Government Debt:

• Securities issued by the National Treasury - federal domestic public debt constituted by public bonds issued by the National Treasury recorded in the Electronic Settlement and Custody System (SELIC) and those under the custody of the Central Office for Private Securities (CETIP) placed and redeemed in Brazilian currency. Until 2007, the gross debt incorporated the stock of Federal Government securities in the Central Bank’s portfolio. As a result of the methodology revision carried out in 2008, the gross debt excludes the Central Bank’s portfolio of federal securities and includes the total Central Bank’s repo operations;
• Bank debt – Loans and financing granted by financial institutions to the non-financial public sector;
• Bank debt of decentralized agencies – loans and financing granted by financial institutions to entities of indirect administration (governamental agencies, universities, foundations etc.)
• Social Securities deposits and investments - corresponds to the public securities investment portfolio of the Social Security;
• Certificates of privatization (CP) – Securities issued by the National Treasury and usable in the purchase of shares of state-owned enterprises within the framework of the National Privatization Program;
• Matured and renegotiated debt (DVR) – Matured debt of the Union and of state-owned enterprises, assumed and renegotiated by the federal government and securitized through the issuance of securities registered with the CETIP;
• Agricultural debt securities (TDA) on the market – Securities backed by the INCRA/MAA issued by the National Treasury in land expropriation procedures for agrarian reform;
• FAT investments in public securities –Worker Protection Fund investments in National Treasury securities;
• Investments of various funds – Refers to investments of public funds other than financial intermediaries in federal securities;
• Law 8727/93 – Debt of states, municipalities, and public enterprises at 6/30/93, refinanced by the Union under Law 8727/93;
• External debt – Short-, medium- and long-term external public debt.