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Portuguese public debt rises to 130.6 pct of GDP in 2016

Xinhua, February 22, 2017 Adjust font size:

Portugal's public debt rose to 130.6 percent of gross domestic product (GDP) in 2016 from the 129 percent registered the previous year, the Bank of Portugal said on Tuesday.

The Portuguese state budget for 2017 expected that the country's public debt would rise to 129.7 percent of GDP in 2016 from 129 percent in 2015 and decrease to 128.3 percent in 2017.

Portugal's economy has seen a slow recovery since the country exited the 78-billion-euro (82 billion U.S. dollar) bailout in May 2014, three years after it signed the bailout program with international lenders amid a deep crisis. However, the country's public debt remains high among the eurozone countries. (1 euro=1.06 U.S. dollars) Endit