Portugal’s public debt rises to 131.4 pct of Gross Domestic Product

26 August 2013

Portugal’s public debt totalled 214.57 billion euros at the end of the first half of the year, which accounted for 131.4 percent of the country’s Gross Domestic Product (GDP), according to figures published Thursday in Lisbon by the Bank of Portugal.

According to the central bank, public debt rose by 1.43 percent against the first quarter of the year, when it totalled 211.5 billion euros.

The latest evaluation from the three-way commission – European Commission, European Central Bank and the International Monetary Fund – showed that at the end of 2013 the debt totalled 122.9 percent of GDP, or 202.1 billion euros.

The figures showed that the country’s public debt continues to rise, from 123.8 percent of GDP in December 2012 to 127.1 percent in March and 131.4 percent in June, with the Bank of Portugal noting that the rising trend had occurred in all the sectors that were accounted. (macauhub)