04-07-2016 - At the end of the 1st quarter 2016 the Gross Debt of the Regional Administration of Madeira stood at 4.927 billion Euros

At the end of the 1st quarter 2016

Gross debt of the Regional Administration of Madeira stood at 4.927 billion Euros

At the end of the 1st quarter 2016, the gross debt of the Regional Administration of Madeira stood at 4.927 billion Euros.

This value includes the effects which resulted from the renegotiation of the SCUT (shadow tolls) contracts, following the assessment by the national statistical authorities to these contracts, made under the guidelines of the European System of Accounts (ESA) 2010 and Eurostat’s Manual on Government Deficit and Debt.

The values for the previous quarters will be revised next September at the time of the 2nd notification of the Excessive Debt Procedures, so that the effects of the aforementioned assessment can be incorporated.

The breakdown of the gross debt by financial instrument shows that, in the reference quarter, the share of loans stood at 81.3% while the percentage of securities was 18.7%.

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Note:

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).