Borrowing Requirements and Targets

The borrowing requirements projected, which reflect maturities of federal government debt on the market, are as follows:

The National Treasury disclosures to the public quantitative reference of its acts by defining targets for the major indicators of the Federal Public Debt (FPD) in the end of the year, in terms of outstanding, composition and maturity profile. These targets are expressed as upper and lower limits in such a way as to ensure the flexibility of public debt management, making it possible to adjust to alterations in public bond market conditions or macroeconomic scenario.

Considering the borrowing requirements and strategy, the targets projected for the main indicators of the FPD are:

For more information about the borrowing requirements, the expected results and the borrowing strategy, consult the Annual Borrowing Plan (ABP).