| Portugal's public debt close to 200 bln euros in Q2 |
| Last Updated(Beijing Time):2012-10-23 07:19 |
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Data revealed Monday by the Bank of Portugal shows that the Portuguese public debt worsened in August and now accounts for 117.6 percent of Gross Domestic Product (GDP).
According to the statistical bulletin of the Bank of Portugal, the government debt amounted to 198.1 billion euros in the second quarter of 2012, which corresponds to 117.6 percent of the country's GDP.
This figure represents an increase from 111.5 percent at the end of the first quarter.
The data released by the Bank of Portugal shows that in two months the Portuguese public debt grew by 700 million euros to 198.8 billion euros.
The government estimates that the debt will be 119.1 percent of GDP for this year, but at the current rate the 120-percent barrier will be overtaken.
Eurostat also revealed Monday that Portugal ended 2011 with a public debt of 108.1 percent of GDP, a figure that puts Portugal's debt at the third highest in the EU after Greece and Italy. |
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