Public debt from the perspective of Maastricht, which counts for Brussels, was 279,000 million euros in February, 3,200 million euros more than in January, disclosed this Monday by the Bank of Portugal.
According to the central bank, This increase is due to the “increase in deposit liabilities (1,700 million euros), with issuance of savings certificates for an amount of 2,600 million euros”. There were also net debt issuances (1.3 billion euros) and an increase in loans (100 million euros).
The public debt discounted from the deposits of the Public Administrations (which increased by 4,200 million euros in February) was 258,100 million euros, 1,000 million euros more than in January.
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At the end of 2022, the public debt corresponded to 113.8% of the Gross Domestic Product (GDP), 10.9 percentage points less than in 2021. For this year, in the General State Budget, the Government foresees that the public debt drop to 110.8% of GDP.
TO high inflation also contributes to reducing debt as a percentage of GDPsince inflation contributes to the growth of wealth produced in nominal terms, helping to reduce the debt/GDP ratio.
Source: Observadora
