The share of public debt in gross domestic product (GDP) fell to 114.7% in 2022, the lowest since 2011, according to data released this Wednesday by the Bank of Portugal (BdP).
According to the central bank, “government debt amounted to 114.7% of gross domestic product (GDP) in 2022, representing a reduction of 10.9 percentage points from the end of the previous year” (125.5%).
However, in value terms, compared to the end of 2021, the public debt in terms of Maastricht (the one credited to Brussels) increased by 3,300 million euros, to 272,592 billion euros, with this increase resulting “largely from net issuance of savings certificates (7,200 million euros), treasury bonds and bills (1,000 million euros) and other deposits in the Treasury (600 million euros).”