The Bank of Portugal revealed this Monday, August 1, the Portuguese public debt increased again in June, reaching a new historic high.
The Portuguese public debt, optical Maastricht amounted to 240,019 million euros in June, an increase of 3.75%, or 8,674 million euros, compared to the level observed at the end of last year. When compared with the previous month, the increase is 1%, or 2,402 million euros.
Manuel Caldeira Cabral considers that this “evolution comes in a standard, is an increase of 3% since which is in line with the nominal growth, and is what you see, means a stabilization of the debt ratio. “
for the Minister of Economy the” important “is that public debt” grow less “than the economy and that there is” restraint “in the public accounts. “The most important is to ensure that there is a growth path of the economy and restraint in public accounts”, guaranteeing “a control of debt and a reduction in the debt ratio.” “That’s what is planned for this legislature,” he added.
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