Flash estimate - In October 2022, the overnight stays in tourism accommodation in the Autonomous Region of Madeira grew by 24.4% year-on-year (Read more...)
DREM releases data on foreign affiliates in the Autonomous Region of Madeira (Read more...)
In October 2022, the median value of bank appraisals on housing in the Autonomous Region of Madeira stood at 1,431 euros/square meter (Read more...)
In October 2022, the movement of passengers at the airports of the Autonomous Region of Madeira stood 40% above the same month of 2019 (Read more...)
DREM releases the third quarter transport statistics and a time series for the period 1976-2021 (Read more...)
DREM releases final results of the 2021 Census (Read more...)
In October 2022, the implicit interest rate on housing credit and the average loan repayments increased in the Autonomous Region of Madeira (Read more...)
In the 3rd quarter of 2022, the overdue loans ratios decreased compared to the previous quarter (Read more...)
In 2022, the proportion of persons between 16 and 74 years old who reported having used the Internet in the last 3 months prior to the interview was higher in the Autonomous Region of Madeira than in the country (Read more...)
In the first nine months of 2022, the natural decrease was higher than in the same period of the previous year (Read more...)
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At the end of the 3rd quarter of 2021
Gross debt of the Regional Public Administration of Madeira stood at 5.204 billion Euros
The gross debt of the Regional Public Administration of Madeira stood at 5.204 billion Euros at the end of the 3rd quarter of 2021, increasing by 240 million Euros (+4.8%) compared to the end of the previous quarter, and increasing by 425 million Euros (+8.9%) from the year-ago quarter.
The quarterly growth is explained by the bond issue that occurred in July 2021, to guarantee the payments of loans of the Regional Public Administration of Madeira. This should be a transient increase, and its effect nullified by the end of 2021.
In turn, the significant year-on-year change is also largely due to a loan, which only took place in the 4th quarter of 2020, to cover exceptional financing needs, deriving directly or indirectly, from the COVID-19 pandemic. Without this loan, the amount of gross debt in the quarter in reference would be around 4.746 billion euros.
The breakdown of the gross debt by financial instrument shows a decrease in the share of loans from 56.8% in the 3rd quarter of 2020 to 48.0% in the reference quarter. This decline was offset by the growth in the percentage of securities which, during the same period, rose from 43.2% to 52.0%.
By issuer, the Regional Government is responsible for 91.2% (89.4% in the same quarter of the previous year) of the gross debt and the Public Enterprises classified in the government sector for 8.8% (10.6% in the 3rd quarter of 2020).
Net debt of deposits stood at 4.636 billion Euros
The net debt of deposits stood at around 4.636 billion Euros at the end of the 3rd quarter of 2021. Compared to the end of the previous quarter, the net debt increased by 30 million Euros (+0.6%), growing by 205 million Euros (+4.6%) year-on-year.
Government debt (Maastricht debt)
Debt compiled according to the definition of the Excessive Deficit Procedure (Regulation (CE) 479/2009, of 25 May), i.e., the general government consolidated gross debt at nominal or face value (Maastricht debt).
Net Debt of Deposits
Net debt of deposits corresponds to Gross Debt (Maastricht debt) minus the deposits in resident banks.