The IMF, the European Commission (EC) and the European Central Bank (ECB) said in September 2012 that Portugal's debt would peak at 124 per cent of gross domestic product in 2014. The IMF previously said in July 2012 that Portugal's debt would peak at about 118.5 per cent of GDP in 2013. In September 2013, the Portuguese Government reviewed again the public debt of Portugal for 2013 to 127.8 per cent, after a peak of 130.9 per cent in that month.