Portuguese economy’s indebtedness rises. It now stands at 721 billion
Portuguese public debt lead to an increase in the indebtedness of the economy in February, reaching 721 billion euros. It is the higher number since September of last year.
The economy’s indebtedness increased in February for the second consecutive month. It was because of the growth in public debt that the non-financial sector debt — which includes families, private companies and the non-financial public sector –, which increased in two billion euros to 721 million euros in the end of the second month of 2018. It is the highest number since September of last year.
“In February 2018, the non-financial indebtedness stood at 720.9 billion euros”, the Bank of Portugal states in this Thursday’s Statistical Bulletin. “Concerning January of 2018, the non financial sector indebtedness increased two billion euros”, the Portuguese central bank states.
“This increase was a result of a 2.5 billion increase in public sector indebtedness, which was partly compensated by the 500 million euros’ decrease in the private sector indebtedness”, the Bank of Portugal explains.
Economy’s indebtedness stands at the highest amount in five months
