The public debt increased by over 800 million in July and has raised the amount to close to 241 billion euros, today indicated the Bank of Portugal, explaining that this increase is due to the issuance of more debt, but the State also used another 1.5 billion euros of deposits.
the debt of the government not to increase, with some breaks, but a path that is still growing. The data released Thursday by the Bank of Portugal show that only from June to July public debt increased by more than EUR 800 million.
This value is not high considering the amount of public debt and the profile heterogeneous public debt throughout the year, but this figure recalls the Bank of Portugal, you must add the descent of the resources that the state has in deposits. A ‘financial cushion’ – the previous government characterized as having the “coffers full.” – Continues to decline and only in July fell by EUR 1.5 billion
In total, net Portuguese public debt deposits, in the view of Maastricht (which is determined by the statistical authorities and account for Brussels), increased by 2.3 billion euros in July. Only in the last two months, the net debt of deposits increased by 5 billion euros as a result, once again, the debt issues made by the state, but also the use of financial cushion, which is becoming smaller and smaller.
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