Government debt rose €800 per person in the first half of the year

By TPN/Lusa, in News · 23-08-2017 07:21:00 · 1 Comments
Government debt rose €800 per person in the first half of the year

Portugal’s government debt went up in June to 132.4% of Gross Domestic Product (GDP), from 130.5% in the first quarter of the year and the 130.3% seen at the end of 2016, the Bank of Portugal said on Tuesday.

The debt went up by just over €8 billion from the €241 billion and a bit at the beginning of the year, meaning every man, woman and child in the country owed about €24,000 in January and their liabilities have grown some €800 in just six months.

In this year’s Stability Plan, which was presented in April, the government undertook to bring the debt down to 127.9% of GDP after it reached 130.3% at the end of last year.


Comments:

This figure tells usn that Portugal is in line with Greece and Italy and should continue to be under Troika supervision for a very long time. This is despite the massive effort to increase GDP.

by Thomas from Lisbon on 23-08-2017 08:21:00
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