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Excessive Deficit Procedure
Excessive deficit procedure
1st notification
Excessive Deficit Procedure 1st notification - 2019
26 March 2019

Summary

According to EU regulations, Statistics Portugal presents the first notification for 2019 associated with the Excessive Deficit Procedure (EDP) to be sent to Eurostat before the end of the month. According to these provisional results, the net borrowing of General Government (GG) in 2018 amounted to € 912.8 million, corresponding to 0.5% of GDP (3.0% in 2017). Gross debt of GG reduced from 124.8% of GDP in 2017 to 121.5% in 2018.


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