The debt burden of the non-financial sector (public services, companies and individuals) increased by 4,300 million euros in September compared to August to a total of 798,700 million euros, the Bank of Portugal (BdP) reported this Monday.
Of this total, EUR 440,700 million went to the private sector (private companies and individuals) and EUR 358,000 million to the public sector (public services and public companies).
In September, private sector indebtedness grew by €2,200 million, with this increase mainly due to the increase in private corporate debt of €1,900 millionespecially in the financial sector (2,200 million euros), partly offset by a decrease in the external sector (300 million euros).
Private debt also grew, by 400 million euros, with an increase of 600 million euros in the financial sector and reduced by 200 million euros abroad.
As for public debt, “it increased by EUR 2,100 million and resulted in increases of EUR 800 million vis-à-vis the outside world and EUR 1,400 million vis-à-vis individuals, the financial sector and public administrations”.
On the other hand, “public sector debt to companies was reduced by 100 million euros,” the central bank notes.
On a year-on-year basis, compared to September 2021, private company debt grew by 2.9%, representing an acceleration of 0.3 percentage points compared to the previous month.
Total private debt increased by 3.7% over the same period, a lower value than verified in August (3.9%).
On December 21, the BdP will update statistics on the indebtedness of the financial sector.
Source: DN
