Public debt falls by €900M in August

"This decrease mainly reflected the redemptions of Floating rate notes - Obrigações do Tesouro de Rendimento Variável (OTRV) of €1.2 billion," explains the Bank of Portugal.

Maastricht public debt fell by €900 million in August to €278.2 billion, according to the newest Bank of Portugal (BoP) data.

“This decrease mainly reflected the redemptions of Floating rate notes – Obrigações do Tesouro de Rendimento Variável (OTRV) of €1.2 billion,” explains the Portuguese central bank.

In contrast, “liabilities in deposits increased €0.3 billion, reflecting the issues of saving certificates, partially offset by redemptions of Treasury certificates.”

General government deposits increased €0.6 billion. Public debt, net of these deposits, decreased by €1.6 billion, to a total amount of €252.5 billion.