The balance of the Portuguese state’s direct debt fell by 0.6% in July compared to the previous month, to €292.045 billion, according to figures released today by the IGCP – Treasury and Public Debt Management Agency. According to the agency, “this variation was mainly due to the monthly decrease in the outstanding balance of Treasury Bills (BT), by €1.445 billion, the combined result of the value of issues (€1.194 billion) being lower than that of redemptions (€2.638 billion). Also noteworthy was the €179 million decrease in the balance of the Special Short-Term Public Debt Certificate (CEDIC) item, as well as the €19 million drop in the stock of Savings Certificates and the €83 million drop in the outstanding balance of Treasury Certificates.
Direct state debt falls 0.6% in July to €292 billion
CNADS like many others do not believe the solution to the housing crisis in Portugal requires building on rural land
