The debt explosion, so what?

A predominant trend in the modern world is the unbridled expansion of countries' debt in relation to their GDP.

There is a conflict (veiled, of course) between the populist need to "meet short-term interests" and a sustainable long-term outlook. In the balance, the cost of debt.

We all know that debt, looked at from a longer perspective, is much more expensive than restraint and parsimony in spending aimed at achieving systemic balance.

Short-term voluptuousness, in short, reduces the population's purchasing power in the long term.

Whether due to inflation or the interest that is always charged to those who lend.

In the electrical sector it is no different. The cost of debt is one of the most important factors at stake as it is “capital intensive”. And Brazil, which operates primarily with real interest rates well above the countries' average, is a very important "challenge". It should be addressed. It should!!!