THE DEBT OF THIS REGION HAS DECLINED 305 MILLION EUROS COMPARED TO LAST YEAR

THE DEBT OF THIS REGION HAS DECLINED 305 MILLION EUROS COMPARED TO LAST YEAR

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In a statement, the vice-presidency of the Regional Government points out that the Debt Bulletin of the Autonomous Region of Madeira (RAM) is already available for consultation on the Portal of the vice-presidency of the Regional Government, through the hyperlink: www.madeira.gov. pt / vp
“The Debt Bulletin of the Autonomous Region of Madeira is a quarterly publication whose main purpose is to dissect and analyze the global debt – financial and non-financial – of regional public entities, including the Business Sector of the Autonomous Region of Madeira (SERAM) ), “Reads the press release.
It adds that the “edition presented here refers to the accumulated amounts of the debt of the RAM, from December 31, 2012 until the end of the second quarter of 2018, and it also intends to frame, in a comparative format, information regional, national and European reality “.
“At June 30, 2018, the total debt of RAM amounted to 5,143 million euros, representing a reduction of 1,493 million euros compared to the end of 2012 and 305 million euros compared to the values ​​of June 30 of 2017, “he underlines.
It is also worth mentioning that the “dynamics evidenced in the second quarter of 2018 is marked by a global decrease, both in terms of annual and quarterly terms, with downward trajectories, as compared to March, in all subsets included in the global debt of public entities of the RAM “.
On a like-for-like basis, “the evolutionary trajectory extended to all debt components of the Regional Direct Administration, and SERAM recorded an increase in non-financial / commercial debt. Specifically, at the level of the Regional Administration, direct debt decreased by approximately 58 million euros, and the commercial debt of the Regional Administration services (excluding EPR) decreased by 136 million euros. ”
Although no effect on the “overall debt reduction dynamics of the Region, in the second quarter of 2018 Maastricht’s debt decreased by 101 million yen and 8 million euros compared to the previous quarter.”
Overall, “the figures presented reflect a path marked by a continuous and consistent adjustment process, reflecting the sustainability of the region’s public finances,” he concludes.

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