Madeira's debt falls by 50 million euros and reaches its lowest value since the 4th quarter of 2014

In the first quarter, Madeira's gross debt stood at 4,6 billion euros. loans had a weight of 60,8%, says the Regional Directorate for Statistics.

Madeira's gross debt stood at 4,6 billion euros in the first quarter of 2020, minus 50 million euros compared to the previous quarter, and 88 million euros less compared to the same period last year. , the lowest value since the fourth quarter of 2014, according to data from the Regional Statistics Directorate (DREM).

The weight of loans in the autonomous region's debt decreased from 67,7% to 60,8%, between the first quarter of 2020 and the same period, while the securitized debt increased from 32,3% to 39,2%.

DREM also says that the net debt of deposits was 4,3 billion euros, 105 million less than the previous quarter and 68 million euros less than last year.

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