In the second quarter of 2023, Portugal left third place among the European Union (EU) member states with the highest public debt, a position it had occupied since 2010, according to data published by Eurostat this Monday.
In the second quarter of 2023, Portugal, with a rate of 110.1%, moved from third to fifth place among the EU countries with the highest public debt burden compared to gross domestic product (GDP).
In the eurozone, government debt fell to 90.3% between April and June, down from both 93.5% year-on-year and 90.7% in the first quarter of 2023.
Also in the 27 member states as a whole, the debt ratio fell in the second quarter to 83.1% of GDP, compared with 85.9% in the same period and 83.4% in the first three months of the year, according to the EU statistics office.
Among member states, the highest debt to GDP weights between April and June were recorded in Greece (166.5%), Italy (142.4%), France (111.9%), Spain (111.2). %), Portugal (111.9%). 110.1%) and Belgium (106.0%), and the lowest rates were observed in Estonia (18.5%), Bulgaria (21.5%), Luxembourg (28.2%), Denmark (30.2% ) and Sweden (30.7%).
Compared to the second quarter of 2022, Portugal recorded the second largest decline in public debt (-11.8 p.p.) after Greece (-16.6 p.p.), followed by Cyprus (-8.1 p.p. .).
Conversely, Luxembourg was the country where debt increased the most (2.9 p.p.), followed by Finland (2.1 p.p.) and Estonia (1.6 p.p.).
Author: Lusa
Source: CM Jornal
I’m Tifany Hawkins, a professional journalist with years of experience in news reporting. I currently work for a prominent news website and write articles for 24NewsReporters as an author. My primary focus is on economy-related stories, though I am also experienced in several other areas of journalism.