Portuguese public debt rises to 274.3 billion euros in January
Public debt from the Maastricht perspective, which counts for Brussels, increased by around 3.6 billion euros to 274.3 billion euros in January compared to December.
According to data from the Bank of Portugal (BdP), public debt from the Maastricht perspective, which counts for Brussels, increased by around 3.6 billion euros to 274.3 billion euros in January compared to December.
This development “mainly reflected the increase in debt securities (3.1 billion euros), mostly long term, and savings certificates (0.4 billion euros)”, the country’s central bank explained.
This was the second consecutive increase in public debt, after it had also risen to 270.6 billion euros in December.
In year-on-year terms, the debt increased by 1.8% compared to January 2024, in what was the fourth rise in a row.
The institution led by Mário Centeno also said that assets in general government deposits totalled 13.4 billion euros, which corresponds to an increase of 0.1 billion euros compared to the end of 2024.
“Deducted from these deposits, public debt rose by 3.5 billion euros to 260.9 billion euros”, concludes the BdP.
Remember that the public debt ratio stood at 95.3% of Gross Domestic Product (GDP) in 2024, the lowest value since June 2010.
