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Public debt stands at 98.1% of GDP in the 2nd quarter

According to data released today by the Bank of Portugal (BdP), the ratio of 98.1% between April and June compares with 100.3% during the same period in 2024 and with 96.3% in the previous quarter.

The information in the statistical note on public debt, released today, was updated following the release of data from the National Institute of Statistics (INE) regarding GDP figures.

The Portuguese economy grew by 1.9% in the second quarter of this year, year-on-year, and 0.6% compared to the previous quarter, according to a rapid estimate released on Wednesday by INE.

Meanwhile, the value of public debt, according to the Maastricht criteria, increased by 2.5 billion euros, reaching 287 billion euros in June.

This variation reflected an increase in debt securities (+2.1 billion euros), mainly long-term, loans (+0.2 billion euros), and deposit liabilities (+0.1 billion euros), noted the BdP.

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