Edition 1518
23 March 2019
Edition: 1518

Read this week's issue online exactly as it appears in print.

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Public debt drops to 121.5 percent of GDP

by TPN/Lusa, in Business · 07-03-2019 10:16:00 · 0 Comments

Portugal had a debt-to-GDP ratio of 121.5 percent by the end of 2018, below the previous year’s ratio of 124.8 percent, the country’s central bank announced.

Public debt drops to 121.5 percent of GDP

This is the value calculated under Maastricht rules, which are those that Brussels considers.


The value calculated by the Bank of Portugal (BdP) is slightly higher than the goal set by the government for 2018 (121.2 percent).
According to the BdP Statistical Bulletin, the public debt shrank, compared with the previous quarter, when the country had a debt-to-GDP ratio of 125 percent.


The Portuguese central bank also mentioned that in January 2019 the overall public debt amount reached €248 billion - a €3 billion rise compared to the end of 2018.


“This growth was chiefly due to an increase in debt securities”.


General government deposits rose by €3.9 billion, with public debt net of deposits increasing by €900 million from the previous month, to a total of €227.4 billion.


For 2019 the government forecasts a decrease in debt-to-GDP ratio to 118.5 percent.

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Edition 1518
23 March 2019
Edition: 1518

Read this week's issue online exactly as it appears in print.

Twitter

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