Public debt increases in 2016, after the plunge in 2015

  • ECO News
  • 21 February 2017

Public debt according to Maastricht increased to 130.6% of GDP in 2016, more than the 129% from the previous year.

Public debt according to the Maastricht definition has increased to 130.6% of GDP (Gross Domestic Product) in 2016, higher than the 129% from the previous year, according to the data disclosed by the Bank of Portugal this Tuesday.

According to the data disclosed by the Bank of Portugal, public administrations’ debt in accordance to Maastricht (the important perspective Brussels) has increased until December in comparison with the amount in 2015, but decreased when compared to the September percentage, which was 133.4% GDP. After the plunge in 2015, 2016 is once again a year in which debt worsened. 

Public debt increased to 241,106 million euros by the end of December 2016; on the other hand, by the end of 2015, public debt was 231,584 million euros.

According to the information disclosed by IGCP (Portuguese Treasury and Debt Management Agency) to international investors, the 2017 public debt in GDP percentage should decrease; they forecast a decrease to 128.3% GDP.

PUB