Portugal’s state debt increases to 230 billion euros in September

21 November 2014

Portugal’s state debt rose to 131.6 percent of GDP by September, after standing at 129.4 percent of GDP at the end of June, according to figures issued Thursday by the Bank of Portugal in Lisbon.

The Statistical Bulletin for November, published by the central bank, indicates that state debt according to Maastricht, which is what counts for Brussels, at the end of the third quarter stood at 229.15 billion euros, up from 226.684 billion at the end of August and 219.225 billion at the end of 2013.

These figures already incorporate accounting changes resulting from the change of the European System of Accounts to ESA 2010 that all EU countries had to adopt by September this year and which, in Portugal’s case, led to an upward review in the value of GDP and a downward review in the debt ratio.

According to the bulletin from the Bank of Portugal, Portugal’s external accounts Portugal reached a positive balance of 2.679 billion euros through September, or nearly 600 million euros more than balance recorded last year. (macauhub/PT)