Public debt under Maastricht definition unchanged in May at €280B
The amount public debt is similar both to that in April 2023 and to that in May 2022.
Portugal’s public sector indebtedness, as defined under the European Union’s Maastricht Treaty, which counts for the European Commission’s calculations for the purposes of euro-zone rules, remained at €280 billion in May, the Bank of Portugal said on Monday.
The amount public debt is similar both to that in April 2023 and to that in May 2022.
According to the central bank, the factors contributing to the value of public debt included a €1.8-billion increase in deposit liabilities, particularly savings certificates (by €2.2 billion), and loans (€100 million), while there were net redemptions of debt securities (to the tune of €1.9 billion), mainly short-dated ones.
In March of this year, public debt as defined under Maastricht rules rose to 114.0% of gross domestic product, up 0.1 of a percentage point compared from the end of 2022 and also less than it was a year earlier, at 124.6% of GDP.
