07/26/2024 – 9:53
Brazilian household debt with the financial system fell 0.2 percentage points between April and May, from 47.7% to 47.5%, the Central Bank reported. The record in the historical series, of 49.9%, was registered in July 2022.
Excluding real estate debts, household debt fell by 0.1 percentage points, from 29.9% to 29.8%.
Desenrola Brasil ended in May, benefiting 15.06 million people with the negotiation of R$53.07 billion in debts, or 0.5% of the Gross Domestic Product (GDP). According to the Ministry of Finance, there was an 8.7% reduction in defaults among the most vulnerable population in the country, considered a priority group for the program. Of this group, 5 million people were reached, with the negotiation of R$25.43 billion in debts.
The amount of household income spent on debt servicing fell by 0.4 percentage points between April and May, from 26.1% to 25.7%. The record high of 28% was recorded in March and April of last year.
Discounting real estate loans, income commitment fell from 24% in April to 23.6% in May.
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