LISBON Feb 20 Portugal's public debt rose to
130.5 percent of gross domestic product last year from 129
percent in 2015, Bank of Portugal data showed on Tuesday,
putting the debt just shy of a record 130.6 percent registered
The year-end debt ratio, which overshot the government's
projection of 127.7 percent, still showed a retreat from an
intra-year high of 133.4 percent at the end of the third
The central bank said earlier that the nominal gross public
debt rose over 4 percent to 241.1 billion euros in 2016.
Portugal, which exited an international bailout in 2014
after a severe debt crisis, remains, along with Italy, among the
most indebted euro zone economies after Greece, which is on its
third international lifeline.
The Socialist government says it managed to cut the budget
deficit to no more than 2.1 percent of GDP last year from 4.4
percent in 2015, and expects more growth and further reductions
in the deficit and debt this year.
(Reporting By Andrei Khalip; Editing by Angus MacSwan)