Late February public debt tops 393 billion euros

At the end of February 2015, the federal state debt reached 389.184 billion euros, reveals the ministry of Finance (SPF Finances) on Friday. Total net debt level for the federal government (gross debt, minus financial investments and portfolio securities) reached 376.524 billion euros, an increase of 3.644 billion euros on the previous month.

At the same time, mid- and long-term debt was 90.2% of the outstanding debt issued or taken over by the federal state, compared to 90.6% at the end of February 2014. In euros, the debt represented 99.7% of outstandings, just as it did last year at the same date.

Debt can indeed oscillate strongly from one month to the next and the Treasury pointed out that the oscillation form one month to another does not, therefore, always follow the global annual oscillation.

(Source: Belga)  

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