|Unit||Mil. BRL, NSA|
|Adjustments||Not Seasonally Adjusted|
|Outstanding Public Debt||May 2020||3,983,438||3,845,300||Mil. BRL, NSA||Monthly|
|Outstanding Public Debt - Domestic||May 2020||5,086,331||4,913,061||Mil. BRL, NSA||Monthly|
|Outstanding Public Debt - Foreign||May 2020||-1,102,892||-1,067,760||Mil. BRL, NSA||Monthly|
For Brazil, public debt (government debt): internal, external, and according to successive methodologies.
Net debt balance of the indebtedness of the non-financial public sector and Banco Central with the financial system (public and private), non-financial private sector and the rest of the world.
Net balance the difference between the debts and credits of the non-financial public sector and Banco Central and is calculated on an accrual basis. Brazil considers Banco Central's financial assets and liabilities and, therefore, includes the monetary base.
In Brazil, the concept of public sector used to measure net debt and the public deficit is that of non-financial public sector plus Banco Central. The non-financial public sector includes federal, state and municipal direct administration, indirect administrations, public social security systems and non-financial federal, state and municipal state enterprises, as well as the Itaipu Binational company.
Public funds that do not operate as financial intermediaries are included in the non-financial public sector. Banco Central is included in the assessment of net debt since it automatically transfers its profits to the National Treasury, while it is also the "collector" agent of the so-called inflationary tax.