Public debt falls to 126.7% of GDP in Q2
The Bank of Portugal (BoP) announced this Monday that the country's public debt in the so-called 'Maastricht view' fell to 126.7% of gross domestic product (GDP) in the second quarter.
Portugal’ public debt in the so-called ‘Maastricht view’ fell to 126.7% of gross domestic product (GDP) in the second quarter, down 0.3 percentage points from the end of the previous quarter.
“This increase mainly reflected the debt securities issuances,” which exceeded the redemptions by around €500 million, the Bank of Portugal (BoP) says in its June statistical bulletin, published this Monday.
According to the BoP, General Government deposits increased €2.4 billion. Net of those deposits, public debt decreased by €2.2 billion, to a total of €252.5 billion.
The central bank’s next statistical update will be released on September 1.
