The secretary of the National Treasury, Tarcísio José Massote de Godoy, said, on Tuesday (24), at the Committee on Economic Matters (CAE), that public sector liquid debt related to the Gross Domestic Product (GDP) must fall from 44.9%, which was registered last year, to 35.9% in 2010. However, the government’s gross debt, in relation to the GDP, continues at high levels and, according to him, it is currently more than R$ 1 trillion.

Tarcísio Godoy was invited by CAE’s senators to discuss the evolution of public debt and also to talk about bonds to be negotiated with foreign countries. In his presentation, the secretary presented graphs, and explained many debt concepts such as internal, external, contractual, movable debt, liquid, gross and bond negotiation in the market. He stated that foreign investors’ interest in Brazil has been increasing owing to greater credibility of the Brazilian currency.

On the graph about the evolution of the federal public debt, specifically about the public sector liquid debt related to the Gross Domestic Product, since 1994 until the current day, the biggest peak occurred in 2003, when this percentage reached 57,18%.

From that year on, there has been a descending curve. It is currently at 44%, will fall to 37.6% before 2010 and, finally, to 35.9% of the GDP in 2010, according to the National Treasury’s forecasts.