Portugal ends 2015 with public debt of 231.1 billion euros

3 February 2016

The public debt of Portugal reached 231.1 billion euros in December 2015, an amount that represents an increase of 5.3 billion euros compared to the figure recorded at the end of 2014, said Tuesday in Lisbon the Bank of Portugal.

The statistical note from the Portuguese central bank did not give figures as a percentage of GDP, since this will be released by the National Statistics Institute only in March.

Compared to the figure at the end of November, it appears that there was a decrease of 200 million euros in the last month of 2015 – and this despite the Banif operation, as the state used cash on hand to fund a 2.3 billion-euro resolution for the bank.

The central bank explained this fall of the debt in December with “a decrease of loans (1.6 billion euros) and positive net issuance of securities (1.4 billion euros), specifically long-term.”

Using the latest known estimate of gross domestic product, published in September by the National Statistics Institute, debt should represent 129.7 percent of GDP. (macauhub/PT)