The country's public debt, in Maastricht terms, jumped 4.2 billion euros in February to 274.1 billion euros.
Portugal’s public debt, in Maastricht terms, rose 4.2 billion euros in February to €274.1 billion, a new record, according to data published on Thursday by the Bank of Portugal (BoP). “This was mainly driven by an increase in debt securities, amounting to €4.2 billion,” the institution said.
The BoP also reports that the general government deposits “increased by €2.0 billion, with public debt net of deposits increasing by €2.2 billion from the previous month, to a total of €248.8 billion.”
The Portuguese public debt ratio rose from 117.2% of GDP in 2019 to 133.7% of GDP in 2020, a record high caused by the pandemic crisis, above the previous peak of 132.9% in 2014. For this year, the Portuguese government expected a fall to 130.9% of GDP, maintaining the trajectory of debt reduction in the following years.