Latest news and stories about public debt in Portugal for expats and residents.
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The effect of escalating conflicts in the Middle East was felt in the two auctions held by the Treasury and Public Debt Management Agency this Wednesday, with Portugal's financing costs soaring compared to similar recent operations. The Republic raised 1.41 billion euros this morning through...
The public debt must continue to fall, said the Minister of Finance.
Portugal successfully issued €1.41 billion in bonds, opting to pay a higher interest rate to issue debt with a 9-year maturity. This move reflects the country's ongoing efforts to manage its public debt and financing strategies in the current economic environment.
Miranda Sarmento stressed that the Government maintains 'the commitment to keep public accounts balanced and continue reducing public debt'.
In Brussels, following the Ecofin meeting, the Minister of Finance stressed that the Government maintains its commitment to keeping public accounts balanced and continuing to reduce public debt.
“We maintain our commitment to keeping public accounts balanced and continuing to reduce public debt,” reiterated the Minister of Finance from Brussels.
The agency forecasts that Portugal's public debt in relation to GDP “will continue to fall significantly” in the coming years.
“Public debt as a percentage of GDP will continue to fall significantly,” stated the credit rating agency. However, a deficit is expected due to expenses caused by the storms.
The credit rating agency S&P has maintained Portugal's rating at 'A+', while upgrading the outlook from stable to positive. This change is attributed to the resilience of the Portuguese economy and a reduction in public debt. S&P anticipates that Portugal will continue to decrease net public debt, bolstered by effective budget management and strong economic growth, with a projected growth rate of 2.2% in 2026, surpassing the eurozone average. This assessment follows a previous stable rating from DBRS and precedes an upcoming evaluation by Fitch.
The share of public debt in GDP fell from 93.6% in 2024 to 89.7% last year, surpassing the government's target.
Although the figure exceeds the expectations the Government had, it remains above the targets set by the European Union, which requires public debt to be kept below 60 per cent of GDP.
Lisbon, 2 Feb 2026 (Lusa) — The public debt ratio fell from 93.6% of gross domestic product (GDP) to 89.7% in 2025, according to data released today by the Bank of Portugal (BdP), a decline steeper than the Government had forecast.
Portugal's public debt dropped below 90% of GDP in 2025.
Public debt, by the Maastricht measure used for European fiscal rules, exceeded the Government's target and fell to 89.7% of GDP in 2025, according to the Bank of Portugal (BdP) bulletin published on Monday. In the forecasts included in the State Budget for 2026 (OE2026) report, the Ministry of ...
António Horta Osório, vice‑president of Crédit Commercial de France and former CEO of Lloyds Bank, argued at a conference in Lisbon that accelerating economic growth should be a 'cross‑party and intergenerational' objective for the country. He also praised the reduction in public debt, saying it was carried out 'the right way'. 'There is no reason ...
An IGF audit finds €33.7 million owed by 19 public entities occupying Social Security properties and a 31% rise in rents outstanding
The former minister was speaking in a debate with two other former Economy ministers, Augusto Mateus and António Costa Silva, during the presentation of the study 'Portugal's External Debt: diagnosis and the contribution of a structuring public policy'.
Despite the positive opinion, the Court of Auditors included a reservation regarding investments in Special Short‑Term Public Debt Certificates.
Portugal remained in the third quarter among the group of EU countries with positive budget balances. Despite this favourable development, the country continues to be one of the most indebted Member States.
Conversely, the lowest debt-to-GDP ratios were recorded in Estonia (22.9%), Luxembourg (27.9%), Bulgaria (28.4%) and Denmark (29.7%).
Portugal recorded the sixth-highest public debt ratio in the European Union (EU) in the third quarter of last year, according to Eurostat. Public debt rose by 1.7 percentage points compared with the same quarter of 2024, to 97.6% of Gross Domestic Product (GDP), placing it only behind Greece (149.7%), Italy ...
Official figures show that in the third quarter of 2025 Portugal had the sixth-largest public debt among European Union member states.
Portugal's public debt was the sixth highest in the European Union (EU) in the third quarter of 2025, reaching 97.6% of Gross Domestic Product (GDP), above the euro area average of 88.5%, Eurostat announced today.
Home News Portugal has one of the highest public debts in the EU Portugal has one of the highest public debts in the EU Portugal’s public debt was the sixth highest in the European Union (EU) in the third quarter of 2025, reaching 97.
