At the end of the 4^th quarter of 2021

Gross debt of the Regional Public Administration of Madeira stood at 5,074.9 million Euros

The gross debt of the Regional Public Administration of Madeira stood at 5,074.9 million Euros at the end of the 4^th quarter of 2021, decreasing by 128.9 million Euros (-2.5%) compared to the end of the previous quarter (a decline explained by the different moment in which the debt refinancing and the amortisation occurs during the year 2021) , and dropping by 34.2 million Euros (-0.7%) from the year-ago quarter.

The breakdown of the gross debt by financial instrument shows a decrease in the share of loans from 51.7% in the 4^th quarter of 2020 to 47.8% in the reference quarter. This decline was offset by the growth in the percentage of securities which, during the same period, rose from 48.3% to 52.2%.

By issuer, the Regional Government is responsible for 91.4% (90.6% in the same quarter of the previous year) of the gross debt and the Public Enterprises classified in the government sector for 8.6% (9.4% in the 4^th quarter of 2020).

Net debt of deposits stood at 4,712.7 million Euros

The net debt of deposits stood at around 4,712.7 million Euros at the end of the 4^th quarter of 2021. Compared to the end of the previous quarter, the net debt increased by 77.1 million Euros (+1.7%), growing by 155.1 million Euros (+3.4%) year-on-year.

Notes:

Government debt (Maastricht debt)

Public 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 value (Maastricht debt). This concept diverges from the total stock of liabilities defined in the ESA, both in terms of the instruments accounted for and in terms of the valuation criteria. This concept of debt adopts the nominal value as the valuation rule, i.e. the value which the public administration (issuer/debtor) must repay at the end of the contract.

Net Debt of Deposits

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

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