Portugal’s public debt close to 250 billion euros

2 August 2017

Portugal’s public debt reached 249.1 billion euros at the end of June 2017, a figure that represents a monthly increase of 1.8 billion euros, according to figures released on Tuesday in Lisbon by the Bank of Portugal.

The variation reflects net bond issues of 2.9 billion euros and a decrease in loans of 1.3 billion euros, mainly through early repayment of loans from the International Monetary Fund (1.0 billion euros).

Portuguese public debt grew by 8.0 billion euros until June, as at the end of 2016 it stood at 241.1 billion euros, an increase of 9.5 billion euros compared to 2015.

Net central administration debt in June increased by 1.3 billion euros compared to the previous month, to total 229.4 billion euros. (macauhub)