The debt of the non-financial sector, which brings together public administrations, companies and individuals, increased by 9,400 million euros in September compared to August, to 866,400 million euros, announced this Friday, 21st, the Bank of Portugal (BdP).
Of this total, 478,000 million euros related to the private sector (private companies and individuals) and 388,400 million euros to the public sector (public administrations and public companies).
In September, public sector debt rose by 6,700 million euros, mainly abroad (+6,000 million euros), essentially reflecting investment by non-residents in Portuguese public debt securities.
The BdP also points to an increase in public sector debt towards public administrations (+600 million euros) and individuals (+300 million euros).
Conversely, public sector debt was reduced compared to the financial sector (-300 million euros), mainly due to divestment in short-term debt securities.
The debt of the private sector increased by 2,600 million euros in September: That of individuals rose by 1,300 million euros, essentially towards banks, through mortgage loans (+1,000 million euros), while that of private companies grew by 1,400 million euros, mainly reflecting the greater financing obtained from the financial sector (+800 million euros) and from abroad (+600 million euros).
In the month under review, the debt of private companies had an annual rate of change (tva) of 2.5% compared to September 2024, an identical growth to that recorded in August.
Private debt increased by 7.8% compared to the same period last year, a new historical maximum since the beginning of the series (December 2008).