This paper proposes a change in public debt policy, based on the placement of new bonds with maturities between 1 and 30 years. It is shown that if all the internal public debt were transformed into a debt of 7 years, paid through a monthly fix payment, with an interest rate of 12% in US$ and a...

This article develops arguments in favor of recomposing the time to maturity of the Brazilian domestic public bond's debt and presents calculations on the amount of tax required by different terms of payment, assuming that it is rescheduled. Two alternatives are suggested and evaluated. Both...