Earlier in april the Wall Street Journal published an interactive graph summarising the eocnmical status of the G20 countries.
One of their graphs depicted the estimated government public debt as percentage of GDP.
As source the WSJ mentions IMF.
For Brazil they mentioned 65,4% public debt/GDP in 2008.
This is absolutely absurd. The public debt/GDP for Brazil was 40,7% in 2008 (source: CIA wold fact book and any source you'll find). The IMF itself never wrote that Brazil's public debt/GDP was 65,4% in 2008, as you can read here in their 2007 report or on any page of the IMF. Actually, the IMF wrote: "Reflecting the effect of substantial primary surpluses, net public debt has declined significantly in recent years, from close to 60 percent at end-2002 to 46 percent at end-2006." Which leaves us clueless where the Wall Street Journal got the figures that the public debt/GDP of Brazil would have been 65,4% in 2008. Excellent background presentation on Brazil building of it's public debts can be found here.
The one thing the WSJ did get right is that the trend towards 2012 is further downward, Brazil is further building of it's public debt (projected surplus in 2009 is 3,3% of the GDP), whereas Belgium is further digging it's hole of public debt towards 102,6% of GDP by 2015 (source: Hoge Raad van Financiën, April 2009).
Once again the same conclusion: traditional mainstream media cannot be trusted anymore; they simply don't have the staff left to privide high quality economical reporting. Ditch those subscriptions !