50
BANCO DE PORTUGAL • Boletim Estatístico
General government debt and financing
A.15
Source: Banco de Portugal and Instituto Nacional de Estatística
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
Dec-15
Jan-16
Feb-16
Mar-16
6
(10 euros)
1
2
3
4
5
6
7
8
9
10
11
12
13
227 906
227 426
231 125
226 996
228 794
228 968
231 901
229 279
231 284
231 345
…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
233 039
End of period outstanding amounts
1
234 725
231 342
17 047
17 263
17 524
17 653
18 037
18 199
18 240
18 520
18 654
18 646
19 030
Currency and deposits …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
19 073
19 608
Loans …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
94 804
94 316
94 241
92 080
91 680
91 160
91 333
91 487
92 033
88 577
88 317
Maastricht debt
2
(1)
90 811
90 983
4
Short-term …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
4 215
4 052
3 948
3 701
3 880
3 268
3 470
3 667
4 085
3 384
3 598
3 105
2 879
5
Long-term …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
90 589
90 264
90 293
88 380
87 800
87 892
87 863
87 820
87 948
87 427
87 385
85 473
85 438
125 114
6
Securities …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
116 055
115 848
119 361
117 264
119 076
119 609
122 328
119 273
120 597
121 888
124 712
123 692
7
Short-term …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
12 989
13 202
13 323
12 093
11 162
10 992
9 655
9 955
10 341
10 538
8 842
9 682
8 510
8
Long-term …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
103 066
102 646
106 038
105 170
107 915
108 617
112 674
109 318
110 256
111 350
115 870
114 010
116 604
Memo item:
9
Maastricht net debt of deposits of the
central government ……………………………………………….……………………………………………….……………………………………………….……………………………………………….……………………………………………….……………………………
210 242
209 858
210 306
211 683
213 231
212 492
212 637
214 131
213 678
218 093
217 515
218 053
218 621
(as a percentage of GDP)
10
(2)
130.2
.
.
128.4
.
.
130.3
.
.
129.0
Maastricht debt …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
Mar-15
Apr-15
May-15
Jun-15
Jul-15
Aug-15
Sep-15
Oct-15
Nov-15
.
Dec-15
Jan-16
.
Feb-16
128.9
Mar-16
6
(10 euros)
1
2
3
4
5
6
7
8
9
10
11
12
13
General government financing(3) …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
1 110
1 204
1 070
3 575
5 821
4 588
4 226
5 898
5 500
8 537
-293
-231
276
12
Central government …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...
1 245
1 453
1 864
4 195
6 209
5 309
4 943
6 805
6 372
9 670
56
473
1 083
13
Regional government …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
91
13
78
158
179
286
317
230
212
283
39
14
Cumulative flows since the beginning of the year
11
By sub-sector:
15
-9
44
Local government …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
82
24
-459
-280
-239
-538
-522
-568
-579
-715
-100
-80
-91
Social security funds …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
-308
-286
-413
-497
-328
-470
-512
-569
-504
-700
-288
-615
-760
5 086
4 921
By counterpart:
16
Banks(4) …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
35
1 723
-514
5 814
9 326
8 563
5 493
9 145
8 438
12 776
17
Other resident sectors(5) …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
1 354
1 596
2 595
2 935
2 532
2 381
1 707
1 837
1 148
166
410
18
Rest of the world …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
-279
-2 116
-1 011
-5 174
-6 037
-6 357
-2 973
-5 084
-4 085
-4 406
729
-1 432
1 803
2 410
-7 120
-7 055
By financial instrument:
19
Securities …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
4 373
4 577
8 457
6 920
9 047
9 473
12 552
9 719
11 392
11 929
2 849
1 712
3 174
20
Loans and deposits …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
-3 263
-3 373
-7 387
-3 345
-3 226
-4 885
-8 326
-3 821
-5 891
-3 392
-3 142
-1 943
-2 898
.
0.6
(as a percentage of GDP)(2)
General government financing …………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...…………...……………
2.6
.
.
4.1
.
.
3.2
.
.
4.8
Public debt
240
5
109 euros
200
180
Mar-13
Mar-14
Mar-15
Mar-16
-10
Public net debt of deposits of Central Government
General government financing
Mar-14
Sep-14
Currency and deposits
Mar-15
Loans
Sep-15
Securities
Mar-16
General government financing by counterpart
cumulative flows since the beginning of the year
30
109 euros
20
10
0
2014
2015
2016
Rest of the world
Banks
Other resident sectors
Mar-16
Mar-15
2015
2014
2013
2012
2011
2010
2009
2008
2007
dez
nov
out
set
ago
jul
jun
abr
mar
fev
-20
2006
-10
jan
109 euros
Public debt
14
12
10
8
6
4
2
0
-2
0
-5
160
Mar-12
mai
109 euros
220
.
Public debt - monthly change by instrument
10
2005
21
Total
(1) Debt compiled according to the definition of the Excessive Deficit Procedure (Regulation (CE) 479/2009, of 25 May), i.e., general government consolidated gross debt at nominal or face value (Maastricht debt). It includes the liabilities in
currency and deposits (AF.2), debt securities (AF.3) and loans (AF.4). In the table, the debt of general government is consolidated within this sector, therefore including only its liabilities vis-à-vis the other sectors of the economy.
(2) The nominal GDP figures used for the calculation of the ratios are published by Instituto Nacional de Estatística (INE). For the latest quarter, and when such figure is not available, an extrapolation for the nominal GDP of this quarter is
performed, based on partial information disseminated by INE. Therefore, the estimate takes into account the GDP of the same quarter of the previous year, the published year-on-year change rate in volume for the latest quarter, and the last
published figure for the year-on-year growth rate of the GDP deflator. For the series on stocks, the nominal GDP used in the calculation of the ratios corresponds to the accumulated GDP of the last four quarters, regardless the quarter to which
it relates; in the case of flows, the nominal GDP used in the calculation of the ratios corresponds to the accumulated amount since the beginning of the year until the quarter to which the figures relate.
(3) Change of liabilities in the form of deposits, securities and loans obtained from residents and non-residents, and other accounts payable obtained from non-residents, net of investments in assets in the form of deposits and securities with
MFIs residents and non-residents, and of securities, loans and other credit facilities with non-residents.
(4) Includes universal banks, savings banks and mutual agricultural credit banks which, along with money market funds, are the subsector of Other monetary financial institutions (OMFIs).
(5) Includes Non-monetary financial institutions, Non-financial corporations and Households.