Public sector deficit confirmed at 4.9% of GDP in 2013 – Eurostat

Page created: Wednesday, 23 April 2014 12:45 GMT


Portugal’s public sector budget deficit in 2013 shrank to 4.9% of gross domestic product while public debt continued its rise to end the year at 129% of GDP, the European Union’s statistical office, Eurostat, confirmed on Wednesday.

The figures are in line with data released by the National Statistics Institute three weeks ago.

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In its report on Wednesday, Eurostat said the 2013 deficit represented a decrease of 1.5 percentage points on the 2012 figure, while the debt swelled by 4.9 points over the year.

Portugal is one of 10 EU member states whose deficit in 2013 was above the 3% limit. The others are Slovenia, Greece, Ireland, Spain, the UK, Cyprus, Croatia, France and Poland.

There are 15 other EU members whose debt is above the 60% limit.

Portugal is preparing to exit the euro-zone bailout it sought three years ago. The 2013 deficit is within the range agreed with international lenders.