EU Statistics: Public debt climbs to 127.2% of GDP in March


Portuguese public debt was the third highest in the European Union (EU) in the first quarter of 2013, Eurostat said on Monday.

Indicators What's New — 22 July 2013 by Lusa News
EU Statistics: Public debt climbs to 127.2% of GDP in March

Portuguese public debt went up to 127.2% of Gross Domestic Product (GDP) in the first quarter of 2013 compared with 123.8% in the last quarter of 2012 and 112.3% a year earlier and is the third highest in the European Union (EU), Eurostat said on Monday.

The European Union statistics office said only Greece (160.5%) and Italy (130.3%) had higher public debt than Portugal, while the lowest were in Estonia (10%), Bulgaria (18%) and Luxembourg (22.4%).

The rise in public debt in Portugal between the last quarter in 2012 and the first quarter in 2013 was 3.4 percentage points (pp). It was fourth in terms of increase over the preceding 12 months in a list topped by Greece (24.1 pp), Ireland (18.3 pp) and Spain (15.2 pp).

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