Tuesday, July 21, 2015

Portuguese public debt rose 3.8 billion a month – TVI24

The general government debt rose 3.777 million in May compared to April, settling in 229,204 million euros, according to figures released Tuesday by the Bank of Portugal (BoP).

According to the statistical bulletin published by the central bank, public debt in the view of Maastricht, which account for Brussels, stood at 229 204 million in May, representing an increase over the value of 225 427 million euros recorded in April.

Also the net debt of central government deposits rose between the two months, at EUR 527 million, 208,504 million in April to 209 031 million in April.

Compared to the end of 2014, data for May show that the public debt increased by nearly 4,000 million euros and debt excluding deposits grew by 900 million.

At the end of last year, the national debt stood at 225 280 million and net debt of central government deposits in the 208,128 million euros.

The debt from the viewpoint of Maastricht is used to measure the level of indebtedness of the government of a country and the concept is defined in a 2009 regulation of the European Council on the application of the Protocol on the procedure of excessive deficit procedure annexed to the Treaty establishing the European Community.

External accounts also worsened in May

The external accounts of Portugal recorded a deficit of 104.3 million euros by May, a deterioration of 471, 6 million euros over the same period of 2014.

Until May this year, the current account recorded a deficit of 911.1 million euros, worse than the negative balance of 776.1 million euros Checked in the first five months of 2014.
 
                                                                                     

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