Public debt increases in March to 243.5 billion
The increase in cash and deposits' responsibilities and a decrease in loans caused public debt to increase by 23 million euros.
Public debt increased in March to 243.5 billion euros, 23 million euros more in comparison to February and around 10 billion more than the homologous period, disclosed, this Tuesday, the Bank of Portugal.
A note disclosed by the Bank of Portugal reveals that the variation in public debt according to the Maastricht definition, the one that matters the most to Brussels, reflects an increase in the cash and deposits’ responsibilities (400 million euros) and a decrease in by 300 million euros in loans in comparison to the previous month.
Moreover, the institution signals that the evolution of public debt was followed by a decrease of assets in the central administration’s deposits (of 3.1 billion euros).
Therefore, according to data disclosed by the Bank of Portugal, net public debt (excluding the central administration’s deposits) had a 3.1 billion euros’ increase in comparison to February, totaling 226.5 billion euros.
