Portugal’s public debt rises to 229.2 billion euros in May

22 July 2015

Portugal’s public debt rose by 3.7 billion euros in April and May this year, reaching 229.2 billion euros, according to figures issued in Lisbon by the Bank of Portugal.

The Bank of Portugal’s Statistical Bulletin published Tuesday showed that the value of public debt in May was 5.3 billion euros below the record high of 234.5 billion euros registered last February.

The net debt of central government deposits rose between those two months, by 527 million euros, from 208.504 billion euros in April to 209.031 billion euros in May.

The most recent figures on the public debt ratio as a percentage of GDP showed it stood at 129.6 percent.

At the end of 2014, Portugal’s public debt stood at 225.280 billion euros and net debt of central government deposits stood at 208.128 billion euros. (macauhub/PT)