At the end of the 2^nd quarter 2020

Gross debt of the Regional Administration of Madeira stood at 4.808 billion Euros

The gross debt of the Regional Administration of Madeira (RAM) stood at 4.808 billion Euros at the end of the 2^nd quarter 2020, increasing by 195 million Euros (+4.2%) from the 1^st quarter of 2020, and decreasing by 81 million Euros (-1.7%) from the year-ago quarter. The quarterly growth is explained by the bond issue that took place in May 2020, to guarantee the payment of loans of the RAM. This increase should be transient and its effect neutralized by the end of 2020.

The breakdown of the gross debt by financial instrument shows a decrease in the share of loans from 62.3% in the 2^nd quarter of 2019 to 56.2% in the reference quarter. This decline was offset by the growth in the percentage of securities which, during the same period, rose from 37.7% to 43.8%.

Net debt stood at 4.431 billion Euros

The net debt of the Regional Administration of Madeira stood at 4.431 billion Euros at the end of the 2^nd quarter 2020. Compared to the previous quarter, the net debt increased by 65 million Euros (+1.5%) and decreased 48 million Euros (-1.1%) 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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