24-03-2023 - Excessive Deficit Procedure, first notification

First notification - March 2023

Excessive Deficit Procedure

According to EU regulations, Statistics Portugal will send to Eurostat, until the end of the current month, the first notification of 2023 regarding the Excessive Deficit Procedure (EDP) of 2022.

The estimate of net borrowing of the Regional Government of Madeira (RGM) for 2022 stood at 146.2 million euros, which represents an improvement on the deficit recorded in 2021, which had been of 214.4 million euros.

The Regional Gross Debt stood at 5,008.8 million euros at the end of 2022, having decreased by 68.3 million euros (-1.3%) compared to 2021.

Defices excessivos Marco ENNOVO

In the country, the net borrowing of the General Government (GG) in 2022 reached 944.4 million euros, corresponding to 0.4% of the Portuguese Gross Domestic Product (GDP). In turn, in that year, the gross debt of the GG rose to 272.6 billion euros, representing 113.9% of the GDP. In the Autonomous Region of the Azores, the Regional Government balance showed a deficit of 413.8 million euros and the gross debt of the Regional Government of the Azores was 3,022.7 million euros.

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