Portugal’s public debt drops to 128.6 pct of GDP in 2nd quarter

21 August 2015

Portugal’s public debt fell to 128.6 percent of gross domestic product (GDP) in the second quarter, compared to 129.6 percent at the end of the first quarter, the Bank of Portugal said Thursday in Lisbon.

The statistical bulletin of the Bank of Portugal showed that at the end of June Portuguese public debt amounted to 225.456 billion euros, a drop of over 3.7 billion compared to the figure at the end of May, when it stood at 229.204 billion euros.

Total debt net of government deposits stood at 210.737 billion euros in June, or 120.2 percent of GDP, but was nevertheless an increase over the first quarter in which debt excluding these deposits was 119.8 percent of GDP. (macauhub/PT)