Overall, 475.4 billion euros pertained to the private sector (private companies and individuals), while 381.6 billion euros were associated with the public sector (public administrations and public companies).
In August, the public sector debt increased by 2.4 billion euros, mainly towards public administrations (+2.3 billion euros), primarily reflecting the rise in deposit liabilities with the Treasury (+1.7 billion euros).
The Bank of Portugal also reports an increase in the public sector’s debt to individuals (+200 million euros), mainly through the subscription of savings certificates.
The private sector debt rose by 700 million euros: Individual debt increased by 1 billion euros, primarily towards banks, through housing credit, while private companies’ debt decreased by 200 million euros, mainly reflecting a reduction in loans obtained from the financial sector (-300 million euros).
In the month under review, private company debt experienced an annual variation rate (avr) — excluding effects from non-transactional variations — of 2.5% compared to August 2024, accelerating from 2.3% in July.
Individual debt rose 7.4% compared to the same period last year, reaching a new historical high since the series began in December 2008.
