At the end of the 1^st quarter 2021

Gross debt of the Regional Administration of Madeira stood at 5.068 billion Euros

The gross debt of the Regional Administration of Madeira (RAM) stood at 5.068 billion Euros at the end of the 1^st quarter 2021, decreasing by 41 million Euros (-0.8%) from the 4^th quarter of 2020, and increasing by 455 million Euros (+9.9%) from the year-ago quarter. This significant growth is due to a bond loan of 458 million Euros asked by the Region, following the authorization granted by the State to the Region in order to get a loan to cover exceptional financing needs, deriving directly or indirectly, from the COVID-19 pandemic. Without this loan, the amount of gross debt  would stand at 4.610 billion Euros.

The breakdown of the gross debt by financial instrument shows a decrease in the share of loans from 60.8% in the 1^st quarter of 2020 to 51.6% in the reference quarter. This decline was offset by the growth in the percentage of securities which, during the same period, rose from 39.2% to 48.4%.

By issuer, the Regional Government is responsible for 90.5% (88.4% in the same quarter of the previous year) of the gross debt and the enterprises classified in the government sector for 9.5% (11.6% in the 1^st quarter of 2020).

Net debt stood at 4.498 billion Euros

The net debt of the Regional Administration of Madeira stood at 4.498 billion Euros at the end of the 1^st quarter 2021. Compared to the previous quarter, the net debt decreased by 56 million Euros (-1.3%), increasing by 132 million Euros (+3.0%) year-on-year.

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.

Back

• Prev
• Next