Suchergebnisse

This article develops arguments in favor of recomposing the time to maturity of the Brazilian domestic public bond's debt and presents calculations on the amount of tax required by different terms of payment, assuming that it is rescheduled. Two alternatives are suggested and evaluated. Both yield a substantial alleviation of the interest burden compared to the present policy. The main conclusion is that with a dollar long-term interest rate similar to the ones observed in the international markets plus 2% of country risk and a 3% a year GDP growth rate, the domestic public debt could be paid in 20 years if a yearly provision of only 0.7% of GDP is allocated to its payment