Public sector indebtedness shrinks by €900 million

Portugal’s public sector indebtedness, as calculated on the basis laid out in the Maastricht Treaty – which counts for European Union institutional purposes – shrank by €900 million in August to €278.2 billion, the Bank of Portugal has said today. According to the updated public debt statistics for August, released by the institution, this reduction in debt relevant in the context of EU budgetary surveillance, essentially reflected a repayment of Variable Income Treasury Bonds (OTRV), amounting to €1.2 billion.