The public debt ratio fell below 100% of GDP in 2023, reaching 98.7%, the lowest value since 2009, according to data published this Thursday by the Bank of Portugal (BdP).
The share of public debt in gross domestic product (GDP) fell by 13.7 percentage points (pp) from 112.4% recorded in 2022, remaining below the 103% officially projected by the government and reaching a figure predicted a year earlier for 2024 (98.9%).
This is also the lowest rate since 2009, when it was 87.8%.
Mario Centeno
Bank of Portugal Governor Mario Centeno said this Thursday that public debt was below 100% of gross domestic product (GDP) at the end of 2023, awaiting official data to be published this morning.
In his opening speech at the Banking Forum organized by the Jornal Económico in Lisbon, Centeno said that “one of the main pillars of the success of the Portuguese economy is financial stability” and that, to demonstrate this, he likes to start by reducing debt, and private.
Regarding the national debt, Centeno said: “Today we learn that it is below 100%. [do PIB]”, which “hasn’t happened for many years.”
Author: Lusa
Source: CM Jornal
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