According to the Bank of Portugal (BdP) in a statement, in June 2021 the indebtedness of the non-financial sector stood at 762,482 million €, of which around 350 billion € were related to the public sector and 412 billion € to the private sector.

According to the central bank, the increase of 14.1 billion € compared to the end of 2020 resulted from increases of 8.1 billion € in public sector indebtedness and 6 billion € in private sector indebtedness.

The increase in public sector indebtedness “resulted, above all, from the increases registered in indebtedness to the financial sector (4.4 billion €) and indebtedness to abroad (3 billion €)”.

According to the BdP, in the private sector, the indebtedness of companies increased by 4 billion €, with this increase “explained mainly by the financing obtained from the financial sector (2.2 billion €) and abroad (1.8 billion million €)”.

The indebtedness of individuals increased by 2 billion €, “reflecting the increase in financing obtained from € financial sector”.

In June 2021, the annual rate of change of total indebtedness of private companies was 1.6 percent, 0.1 percentage points more than at the end of 2020, while the average of total indebtedness of private companies increased 1.3 percentage points to 2.7 percent.

The next update of the non-financial sector indebtedness statistics will be made by the BdP on 21 September.