Private sector debt rises to €468 million in 1H

Non-financial sector debt, which means the public administration, companies and private individuals increased by €32.3Bn in the first half of the year to €847Bn of which €468Bn pertained to the private sector.

According to the Bank of Portugal, at the end of June the debt was divided between €847Bn for the private sector and €378Bn in the public sector.

In the first six months of the year, public sector indebtedness rose by €19.1Bn, an increase that occurred mainly abroad (€14.5Bn), essentially due to the net investment of non-residents in Portuguese public debt securities (€14.8Bn, of which €13.3Bn was in long-term securities).

The central bank also verified an increase in public sector indebtedness to individuals (+€2.Bn), public administrations (+€1.7Bn) and non-financial companies (+€1.5Bn) and a reduction in relation to the financial sector (-€0.7Bn).