The public debt ratio was 93.6% of Gross Domestic Product (GDP) at the end of 2024, instead of the 94.9% calculated in March, according to the Excessive Deficit Procedure notification submitted to Brussels.
“The gross debt of Public Administrations will have decreased to 93.6% of GDP (96.9% in the previous year),” states the document released today by the National Institute of Statistics (INE), the second notification.
This figure represents a revision of the results reported in the first Excessive Deficit Procedure notification released in March, which indicated that the public debt-to-GDP ratio had stood at 94.9% in 2024, the lowest since 2009 (87.6%) and below the State Budget forecast of 95.9%.
