Government debt reached 405.179 billion euros at the end of 2016
Monday, 09 January 2017
Government debt reduced by 3.425 billion euros in December 2016, but increased to 405.179 billion euros at the end of the same month, the FPS Finance announced today (Monday).
In net terms, or after deduction of financial investments and portfolio securities, Government debt reduced by 3.821 billion euros and reached 392.585 billion euros at the end of December.
The Treasury Administration (FPS Finance) stresses that Government debt is subject to significant seasonal effects and that, consequently, the evolution of debt over the course of the year is not generally a reflection of the overall annual change.