According to the Bank of Portugal, public debt had been falling since July but in January it increased by 7.6 billion euros, reaching 270.6 billion euros.
Public debt increased by 7.6 billion euros and 270.6 billion euros in January, reversing the downward trend of the last five monthsannounced the Bank of Portugal (BdP).
According to a note from the central bank, released this Friday, March 1, the increase is due to a increase in debt securities (6.4 billion euros), mainly long-term, and the a loan from the European Investment Bank of 700 million euros.
The increase occurs after five consecutive months of decline, reversing a downward trend that had been in place since July. And it puts the debt, in nominal terms, at the level it had in October.
The increase in January compares with a nominal decrease of 9.3 billion euros in 2023 as a whole.
Remember that this debt is calculated from the perspective of Maastricht, which counts to determine compliance with European treaties, although European rules only consider the debt to GDP ratio at the end of the year – the value for 2024 will only be known from here approximately a year.
Public Administration deposits increased by 6.8 billion euros. Deducted from these deposits, public debt increased by 800 million euros, to 252.5 billion euros.
Tags: Public debt rises January months falling Public Finances
