Portugal's public debt has fallen sharply since the government took office in 2024.

Omissions

• The reduction in the debt-to-GDP ratio reflects both fiscal consolidation (budget surpluses) and strong nominal GDP growth, which mechanically lowers the ratio; the claim does not disentangle these drivers.
• The 2025 annual figure (89.7% of GDP) is the most recent full-year data available before the session date; Eurostat quarterly data indicate some volatility within the year.
• The debt ratio remains high in absolute terms (close to 90% of GDP), and the European Commission projects the general government balance to slip into a small deficit in 2026-2027, which the 'responsible public finances' framing does not acknowledge.

Sources

• PrimaryEuropean Commission — Economic forecast for PortugalPublic debt fell from 93.5% of GDP in 2024 to 89.7% of GDP in 2025. Over the forecast horizon, the downward trend is projected to continue...
• PrimaryGovernment of Portugal (portugal.gov.pt) — Fitch highlights reduction in Portugal's public debtIn Portugal, this trend culminated in a historic reduction in the public debt ratio in 2025, when it fell to 89.7% of Gross Domestic Product (GDP).
• SecondaryTrading Economics — Portugal Government Debt to GDPPortugal recorded a Government Debt to GDP of 89.70 percent of the country's Gross Domestic Product in 2025.