Bailouts of strategic companies weighed on Portugal's external debt
A study of Portugal's external debt estimates that bailouts followed by privatisations at low prices contributed over 10% of GDP to the deterioration of the country's external debt.
Government authorises IGCP to fulfil its financing plan
The Council of Ministers today approved a resolution that authorises the IGCP to issue public debt within the limits set by the State Budget, allowing the agency to fulfil its financing plan.
Public debt falls again in November and is set to reach 90% of GDP by the end of 2025
Public debt, by the Maastricht definition, fell by €1.9 billion in November to €281.4 billion, according to the Bank of Portugal estimate released on Friday. Taking into account the €4.5 billion of debt amortisation carried out in December, ECO reports that the debt ratio should even fall to ...
A decade on, Banif is the fourth most costly intervention in Portuguese banking
A report by the Court of Auditors confirms public costs of around three billion euros related to Banif. The Resolution Fund still has debts to repay to the Treasury, and those who suffered losses are claiming compensation.
