STATISTICAL PRESS RELEASE
General government financing
21|2016
December 2015
February 22nd, 2016
Banco de Portugal publishes today in the Statistical which were the main source of the general governBulletin in table A.15 and in BPstat, statistics on gen- ment financing between 2011 and 2014, in the coneral government financing, for December 2015.
text of the Economic and Financial Assistance Programme, recorded a reduction of 4.4 billion euro.
In 2015, the general government financing stood at
This reduction was the result of the combined effect
8.5 billion euro, which compares with 13.3 billion
of the repayment of loans net of deposits of 7.9 bileuro in 2014 (Chart 1). The pattern of the financing
lion euro, and of the net acquisition of securities by
in the previous four years has reversed, namely in
non-residents of 3.5 billion euro.
terms of the contribution of resident banks and nonresident entities (Chart 2).
The Banif resolution operation had an impact in the
December 2015 general government financing,
Residents banks which, between 2011 and 2014,
mainly through the reduction in deposits of 2.3 bilrecorded a negative contribution to the general govlion euro due to the capital transfers made by the
ernment financing, granted in 2015 a net credit of
State and the Resolution Fund to Banif.
12.8 billion euro. The non-resident entities financing,
Chart 2 • General government financing by
counterpart - cumulative flows since the beginning of the year
16
25
14
20
12
15
10
10
In billion euro
8
6
4
2
5
0
-5
-10
0
2014
Banks
Other resident sectors
Rest of the world
Total
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
December
November
October
August
2015
September
July
June
May
March
January
April
2013
2005
-15
-2
February
In billion euro
Chart 1 • General government financing
2
BANCO DE PORTUGAL • General government financing
Additional data available at:
Table A.15 of Statistical Bulletin
Statistical domain of financial accounts of BPstat|Statistics online
Supplement to the Statistical Bulletin on General Government Statistics
Next update: March 21st, 2016
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