Azores' debt soars to €3.8 billion as deficit crisis deepens in 2025
In 2025, the Azores' gross debt surged by nearly 12% compared to the previous year, reaching €3.8 billion—a new record for the region. The increase is largely attributed to guarantees extended to SATA (the regional airline) and unpaid debts to suppliers in the healthcare sector.
Public spending continues to outpace revenue, with the Azores' budget deficit widening by 21% in 2025 to €300 million.
In an interview with SIC, the Regional Government pledged to take steps to restore balance to public finances, focusing on both spending restraint and debt management.
Authorities are also counting on additional funding through a revision of the Autonomous Regions' Finance Law, urging the central government to account for the higher costs associated with the region's insularity.
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