Third largest 2018 government debt in EU

By TPN/Lusa, in Business · 24-04-2019 16:08:00 · 0 Comments
Third largest 2018 government debt in EU

Portugal had the third highest government debt in the European Union (EU) in 2018, hitting 121.5 percent of Gross Domestic Product (GDP), the European statistics office, Eurostat said this week, while also confirming that the budget deficit was 0.5 percent.

The figures released by Eurostat show that Portugal was one of 14 countries at the end of 2018 with a government debt greater than 60 percent of its GDP, third-placed behind Greece (181.1 percent) and Italy (132.2 percent).

Last year, the government debt was just over €244.9 billion, the equivalent to 121.5 percent of GDP.

In relation to the deficit, it was 0.5 percent of GDP as disclosed at the end of March by the Portuguese National Statistics Institute (INE), slightly less than the government forecast of 0.6 percent.


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