Brazil’s economy has fallen into a deep recession and the country’s unemployment rate stands at 15%.
The crisis has been exacerbated by the introduction of a government stimulus package to shore up the economy, which the country hopes will lift its debt-to-GDP ratio to more than 70%.
It is expected to create the first real economic recovery since World War II.
But many Brazilians feel the country is on the verge of a complete meltdown and they want to know why.
The country is the only one in the world that is not able to borrow at a low rate, and the government has been cutting spending at a steady pace.
A study by Brazil’s World Bank found that if Brazil were to borrow to spend more it would have to spend a total of 1,099 billion reais ($30 billion) over the next three years.
But the IMF, which has warned of a “catastrophic default,” says the country needs to cut spending by 30 percent in the first half of this year to bring its debt to sustainable levels.
Why Brazilians worry?
Brazil’s debt crisis began with the Brazilian government, which in 2007 introduced a “debt-for-revenue” program that allowed the government to borrow money from the public purse.
That program has since become the mainstay of Brazilian government finances.
Under the program, the government is allowed to borrow for a specific period of time in exchange for money from other government agencies and private investors.
The government can then spend the funds it borrows.
In 2011, the country borrowed 662.9 billion reas ($11.5 billion) to pay off its debts, but by the end of the year the program had run out of money.
Brazilians have been demanding that the government increase the amount it is borrowing, and have pushed for a referendum to raise the borrowing limit.
Brazil has a debt of 6.7 trillion reais, but only about 60 percent of that amount is in government bonds.
At the same time, Brazil’s public debt has soared from 1.4 trillion reas in 2000 to 2.8 trillion rea in 2010.
Brazil’s national debt is about $18 trillion, according to the IMF.
When the program was introduced in 2007, Brazil had a debt-for, but that number has ballooned to 4.5 trillion reae ($6.4 billion).
This has led to a recession and has created a national deficit that is about 20 percent higher than Brazil’s GDP, which is around 3.5 percent of its gross domestic product.
In the last two years, the national debt has increased by about 10 percent and public debt by another 15 percent.
Brazil’s government debt is the fourth-highest in the entire OECD, but its debt is still much lower than that of other countries, according a World Bank study released last year.
The country’s public deficit of $19.7 billion per capita in 2011 was lower than the EU average of nearly $26 billion per head.
But Brazil’s economic crisis has hit its debt crisis hard, and in the last three years, its debt has nearly tripled from $10.6 billion to $14.5, according an analysis by the Brazilian Federal Audit Office.
Brazil was among the first to introduce a debt bond in the 1970s and ’80s.
The bonds have been around for more than 40 years, but Brazil’s bonds are the only ones that are not indexed to inflation.
This means that a government bond’s price is fixed for life, regardless of whether inflation rises or falls.
It is also very difficult for bondholders to sell the bonds because they do not have a way to easily transfer their funds.
In recent years, Brazil has been taking more and more out of the bond market, and this has led Brazil to run out and borrow money in the hope of raising its debt level.
What can be done?
The government has pledged to increase its spending.
But this has created problems for Brazilians, who have been pushing the government for more money and more spending.
Brazil is spending about 1.7 percent of gross domestic output on public spending and has borrowed $2.3 trillion since 2011, according the IMF study.
Brazil, which ranks as the 15th-most indebted country in the OECD, is facing the same challenge that other countries have faced: the problem of the debt-service ratio, which measures the debt per capita relative to GDP.
The debt-servicing ratio has been falling steadily for the last several years, from 17.7 in 2012 to 17.4 in 2015, according data from the International Monetary Fund.
This has made Brazil a less attractive country for investors and led to Brazil’s borrowing costs rising to more and longer than those of other major countries.
The IMF also warned that the crisis could lead to a debt default.
Brazil needs to raise its debt by 30 to 40 percent in order to bring down the national deficit and restore confidence in the country
