Public debt falls 4.6 billion in June
Public debt, from a Maastricht perspective, fell by 4,625 million euros in June to 259,754 million euros.
After reaching a new record in May, public debt, from the point of view of Maastricht, fell by 4,625 million euros to 259,754 million euros in June, compared to the previous month, according to the Bank of Portugal (BdP). For this reduction “contributed essentially the depreciation of securities worth 4.4 billion euros,” explains the regulator.
General government deposits fell by 8.2 billion euros, signals the Bank of Portugal. Thus, public debt net of deposits increased by 3.6 billion euros in relation to the previous month, to a total of 242.8 billion euros.
It should be noted that on June 15, Portugal made a ten-year debt repayment, returning almost 8 billion euros in debt to the market. The line of Treasury bonds had been open for ten years, that is, still in the pre-troika period. This repayment reduced the amount of this more expensive debt that the Portuguese Treasury still has in stock.
The issue of long-term bonds fell, from 155.4 billion euros in May to 149.7 billion euros in June. On the contrary, the stock of short-term bonds rose from 11.05 billion euros in May to 12.3 billion euros in June.
