UPDATE 1-Brazil's public debt rises to record 90% of GDP in February

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Brazil's national debt rose to a new all-time high of 90% of GDP in February, central bank figures showed on Wednesday, as a rise in net borrowing and nominal interest payments in the month outpaced broader economic growth. Debt rose to 90% of gross domestic product in February, up 0.6 percentage point from the previous month, while net debt edged up to 61.6% of GDP from a downwardly-revised 61.4% the month before. Worries over Brazil's perilous finances heightened this week after a respected independent watchdog said the government was on course to break its key fiscal rule this year and the Treasury said the mandatory spending estimates in the 2021 federal budget approved by Congress were too low.
 
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