Public debt rises 2.3 billion in January
The public debt reached 252.1 billion euros in January, more 2.3 billion euros than at the end of last year.
The Portuguese public sector indebtedness stood at 252.1 billion euros at the end of January, which was 2.3 billion euros more than at the end of 2019, according to data released this Monday by the Bank of Portugal. This is the highest value since September of last year.
“This was mainly driven by an increase in debt securities, partially offset by a decrease in Treasury certificates,” explains the institution led by Carlos Costa.
In January, the IGCP issued a syndicated ten-year Treasury bond, in which it obtained 4.0 billion euros. On the other hand, investment in the state’s savings products sank more than 650 million in the first month of 2020, with Treasury certificates losing 690 million euros.
The Bank of Portugal adds that assets in government deposits increased by 2.9 billion euros, “so that public debt net of deposits decreased by 500 million euros from the previous month, to a total of 234.7 billion euros.”
