Public debt down €1.4 billion in July
The country's public debt fell by €1.4 billion in July, after reaching a record high the previous month.
Portugal’s public debt fell by €1.4 billion in July, to a total of €279.2 billion, after reaching a record high in the previous month. It was the first time this year that public debt fell after going up for six months.
According to the Bank of Portugal (BoP), “this decrease mainly reflected the debt securities redemptions by €1.9 billion, especially in the short-term.”
Portugal closed last year with a public debt of €269.3 billion and it was rising, month after month, in the first half of the year, which is usually more filled with financing operations by the IGCP. June set a new all-time high of €280.6 billion, falling the following month.
Data from the central bank also showed that general government deposits fell by €3 billion in July. Net of those deposits, public debt increased by €1.6 billion, to €254.1 billion.