Government debt falls €900 M to €251.4 Bn

By TPN/Lusa, in News · 02-12-2019 15:59:00 · 0 Comments
Government debt falls €900 M to €251.4 Bn

Portugal’s government debt stood at €251.4 billion in October, €900 million less than at the end of September, benefiting from an early repayment of €2 billion to European creditors, was announced today.

According to the Bank of Portugal, "the reduction in loan liabilities contributed essentially to this reduction, which was due to the early repayment of €2.0 billion of loans obtained under the European Financial Stability Facility (EFSF) of the Economic and Financial Assistance Programme, which was partly offset by the increase in debt securities".

In relation to public debt net of deposits, Banco de Portugal states that it increased by €1.9 billion in relation to September, totalling €234.2 billion, because assets in general government deposits decreased by €2.8 billion.


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