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dívida mobiliária interna (MORE CONTEXT)

English translation: bond debt, securities debt, bonds issued and outstanding

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17:05 Jan 2, 2001
Portuguese to English translations [PRO]
Bus/Financial
Portuguese term or phrase: dívida mobiliária interna (MORE CONTEXT)
Em termos de política fiscal, 1998 foi marcado por importantes mudanças:
a) regulamentação da reforma administrativa; b) reforma geral da previdência social;
c) limitação os gastos governamentais via lei de responsabilidade fiscal; d) proposta de reforma
da legislação trabalhista; e) projeto de reforma tributária;
f) desregulamentação do setor de combustíveis; g) aumento de receita via impostos;
h) prorrogação da CPMF e aumento do IOF.
A ***dívida mobiliária interna***, se comparado 1998 com 1997, aumentou 26,75% o que
representou expressivos R$ 68,4 bilhões de incremento. A colocação de títulos pós-fixados
e as elevadas taxas de juros internas estão entre os principais fatores do acréscimo. O resultado
primário do Tesouro Nacional apresentou forte incremento de 208,34% proporcionado
principalmente por mudanças na metodologia de cálculo. O prazo médio da dívida no mercado
apresentou expansão de 13,62%.
xxxLia Fail
Spain
Local time: 07:02
English translation:bond debt, securities debt, bonds issued and outstanding
Explanation:
It's clear from the sentence that follows - A colocação de títulos pós-fixados e as elevadas taxas de juros internas estão entre os principais fatores do acréscimo. The divida mobiliaria went up both because the government marketed or placed or issued ("colocado") more bonds and the interest rate they had to pay on those bonds to attract buyers went up. So the government unit (local state or federal) not only borrowed more principal by issuing more bonds, but also they're paying higher interest rates to the bond holders.

Of course if in the same year they somehow had retired a lot of debt (bought back bonds, or paid off lots of bonds that had matured) then the divida mobiliaria might not have gone up - the new issues would have been more than offset by the matured old issues, except for the effect of differing interest rates.

I don't want to sound like a financial expert - I'm skating around the edge of that field, just for lack of practice.
Selected response from:

Donna Sandin
United States
Local time: 01:02
Grading comment
Thanks a million, it's all much clearer to me now!
4 KudoZ points were awarded for this answer

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Summary of answers provided
nabond debt, securities debt, bonds issued and outstanding
Donna Sandin


  

Answers


11 mins
bond debt, securities debt, bonds issued and outstanding


Explanation:
It's clear from the sentence that follows - A colocação de títulos pós-fixados e as elevadas taxas de juros internas estão entre os principais fatores do acréscimo. The divida mobiliaria went up both because the government marketed or placed or issued ("colocado") more bonds and the interest rate they had to pay on those bonds to attract buyers went up. So the government unit (local state or federal) not only borrowed more principal by issuing more bonds, but also they're paying higher interest rates to the bond holders.

Of course if in the same year they somehow had retired a lot of debt (bought back bonds, or paid off lots of bonds that had matured) then the divida mobiliaria might not have gone up - the new issues would have been more than offset by the matured old issues, except for the effect of differing interest rates.

I don't want to sound like a financial expert - I'm skating around the edge of that field, just for lack of practice.

Donna Sandin
United States
Local time: 01:02
Native speaker of: Native in EnglishEnglish
PRO pts in pair: 1112
Grading comment
Thanks a million, it's all much clearer to me now!
Login to enter a peer comment (or grade)




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