Lowest value since 2009. Public debt falls to 88.4% of GDP in the third quarter

Public debt in Portugal decreased to 88.4% of GDP in Q3 2023, the lowest since 2009. The total public debt reached €284.882 billion, down 4.2 percentage points from the previous quarter. This decline is attributed to a reduction in loans and an increase in public deposits. Year-on-year, public debt fell by €9.774 billion. The Bank of Portugal reported a monthly decrease in public debt, reflecting scheduled repayments to the European Financial Stability Facility. Public deposits rose significantly, partly due to individual investments in savings certificates.