The ratio of 97.6% between July and September shows an increase compared to 95.8% in the same quarter of the previous year and 96.8% from April to June this year, as per the data released today by the Bank of Portugal (BdP).
The Portuguese economy grew by 2.4% in the third quarter year-on-year and 0.8% quarter-on-quarter, according to the flash estimate released last week by the National Statistics Institute (INE).
The value of public debt, according to the Maastricht criteria, rose by 5.959 billion euros in September, marking the 10th consecutive month of increase, reaching 294.319 billion euros.
The central bank explained that this rise was driven by an increase in long-term debt securities and savings certificates, amounting to approximately 5.7 billion euros and 500 million euros, respectively.
