Public debt

The ratings agency Moody’s has warned Portugal that it will fail to meet its deficit target if it extends financial support to companies beyond the first quarter of next year. It is says that it [...]

Overseas concerns that Portugal’s housing market might be overheated raised its head again this week. This time the concerns were not from analysts but the European Commission, which in its [...]

The Council of Public Finances (CFP), an independent public spending watchdog led by Nazaré da Costa Cabral, foresees a debt and deficit higher than government forecasts. The CFP states in a [...]

Last week, addressing a group of hoteliers and hospitality sector leaders at a the annual AHRESP Congress (Associação da Hotelaria, Restauração e Similares de Portugal) a secretary of State [...]

Portugal’s finance minister Fernando Medina believes that this year the public debt will fall, returning to pre-pandemic figures. Without revealing concrete amounts, Medina says that this [...]

Portugal’s finance minister Fernando Medina ambitions to take Portugal off the podium of EU countries which have the highest level of national debt. It was a pledge made by one of his [...]

The economist who runs Portugal’s public debt management agency IGCP, Cristina Casalinho, says that Portugal is “prepared to face an increase in interest rates”. The interest on Portuguese [...]

The Portuguese government entity which monitors public sector spending, the Tribunal de Contas, has issued a warning about “the high level of Portugal’s public debt”. The TdC says that it is [...]

Portugal now has just €66.2Bn of public debt to trade at negative interest rates in the market, around 42% of the State’s total debt. However, this amount had been greater: just six weeks ago it [...]

The total debt burden per citizen/municipality in Portugal stood at €624 or 55.2% of total income in 2020 according to an index. 20 Portuguese municipal councils exceeded the limit of total debt [...]