Public debt

Total debt for the non-financial sector, meaning the public sector, companies and private individuals, fell to 806.6Bn in July, a reduction of 0.4Bn on June according to data from the Bank of [...]

The Portuguese State will have to fork out €1Bn more to pay interest to service its national debt, in particular because of its spend on the civil service. But part of the reason is the European [...]

Portugal’s debt, which currently stands at 113.8% of GDP, saw the third largest fall in debt in the euro area after Spain and France. It fell 10.8 percentage points compared to the same period [...]

Portugal’s public debt, as accepted Brussels, remained unchanged at €280Bn in May according to data released by the Bank of Portugal today. (Mon July 3, 2023) It is the first time that Portugal’s [...]

The total debt of the Portuguese economy — families, private companies and the public sector, minus the financial sector — has risen by €10Bn since the start of the year. And it rose again in [...]

Socialist parties are usually known for taxing taxpayers to the hilt, but not in the case of Portugal’s governing PS socialist party which has pledged to make a major tax giveaway; perhaps the [...]

Portugal’s Minister of Finance may have a major headache on his hands over controversies at Lisbon City Council and over airline TAP, but Fernando Medina does have reasons to be cheerful when it [...]

Alantra, which represents VIC Properties in Portugal, has now received 20 unbinding offers for various properties and tracts of land in what could end up being the biggest property deal of 2022. [...]

Portugal’s public debt fell to €273.8Bn in October, down €6.1Bn on September, reflecting the paying down of treasury guilts according to the Bank of Portugal. After a peak of almost €279.9Bn [...]

The ratings agency Moody’s has warned Portugal that it will fail to meet its deficit target if it extends financial support to companies beyond the first quarter of next year. It is says that it [...]