At the end of the 1st quarter 2018
Gross debt of the Regional Administration of Madeira stood at 4.813 billion Euros
The gross debt of the Regional Administration of Madeira stood at 4.813 billion Euros at the end of the 1st quarter 2018, decreasing by 54 million Euros (-1.1%) from the 4th quarter of 2017. Compared to the year-ago quarter the regional gross debt dropped by 158 million Euros (-3.2%).
The breakdown of the gross debt by financial instrument shows a decrease in the share of loans from 77.5% in the 1st quarter of 2017 to 72.2% in the reference quarter. This decline was offset by the growth in the percentage of securities which, during the same period, rose from 22.5% to 27.8%.
Net debt stood at 4.594 billion Euros
The net debt of the Regional Administration of Madeira stood at 4.594 billion Euros at the end of the 1st quarter 2018. Compared to the previous quarter, the net debt decreased by 74 million Euros and dropped by 95 million Euros from 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.