The Bank of Portugal has published updated statistics on the financing of Portugal’s public administrations through November 2024. Cumulative financing totalled EUR 1.8bn over the period, compared with EUR -9.7bn in the same period of 2023. By financing sector, the rest of the world provided EUR 4.6bn, mainly through debt securities. Over the same period, public administrations financed banks by EUR 2.2bn, primarily via increased deposits, and financed other resident sectors by EUR 0.6bn, largely reflecting households’ disinvestment in Treasury certificates. By instrument, net debt securities issuance contributed EUR 2.9bn, while loans net of deposits amounted to EUR -1.1bn. The next update is scheduled for 20 February 2025.
Bank of Portugal 2025-01-21
Bank of Portugal updates public administrations financing statistics showing EUR 1.8bn funding through November 2024
The Bank of Portugal reported that cumulative financing for Portugal’s public administrations reached EUR 1.8bn through November 2024, compared to EUR -9.7bn in the same period of 2023. The rest of the world contributed EUR 4.6bn, mainly via debt securities, while public administrations financed banks by EUR 2.2bn through increased deposits. Net debt securities issuance added EUR 2.9bn, with loans net of deposits at EUR -1.1bn.