At the end of the 2^nd quarter 2019

Gross debt of the Regional Administration of Madeira stood at 4.890 billion Euros

The gross debt of the Regional Administration of Madeira stood at 4.890 billion Euros at the end of the 2^nd quarter 2019, increasing by 189 million Euros (+4.0%) from the 1^st quarter of 2019, and rising by 243 million Euros (+5.2%) from the year-ago quarter. This growth is explained by the issuance of debt securities that took place in June 2019, to guarantee the payment of loans. This increase should be transient and its effect neutralized by end of 2019.

The breakdown of the gross debt by financial instrument shows a decrease in the share of loans from 71.2% in the 2^nd quarter of 2018 to 62.3% in the reference quarter. This decline was offset by the growth in the percentage of securities which, during the same period, rose from 28.8% to 37.7%.

Net debt stood at 4.479 billion Euros

The net debt of the Regional Administration of Madeira stood at 4.479 billion Euros at the end of the 2^nd quarter 2019, increasing by 45 million Euros (+1.0%) from the 1^st quarter of 2019 and dropping by 44 million Euros (-1.0%) over the year-ago quarter.

Notes:

Debt compiled according to the definition of the Excessive Deficit Procedure (Regulation (CE) 479/2009, of 25 May), i.e., general government consolidated gross debt at nominal or face value (Maastricht debt).

Net debt of deposits corresponds to Gross Debt (Maastricht debt) minus the deposits in resident banks.

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