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Posted by portugalpress on December 03, 2018

Portugal’s public debt has suddenly swung backwards to a new record ‘above the glass ceiling’ of 250 billion euros.

The latest bottom line is gross public debt at 251.1 billion euros, with net debt from deposits at 224.5 billion.

This translates into a 2.1 billion euro increase on levels “that existed at the end of September”, say reports, and is described as a “new historic maximum” which should reduce once the government has ‘reimbursed’ the IMF (as recently announced click here) interest rates of which are the most expensive imposed by all bailout lenders.

natasha.donn@algarveresident.com

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