Miguel Navascués| In 2023 the net debt issuance of the Kingdom of Spain was €72,878 m, 5% of GDP 2022. GDP grew by 2.5% in 2023 but with inflation it increases nominally more (€115,000 m) and the ratio falls to 109% of GDP. In reality, however, the debt issued is much higher, at 137% of GDP. Because the ‘official’ debt is 109.8% of GDP. But this figure is arrived at…
Eurostat has released data on public debt and deficit at the end of the third quarter of the previous year for the euro area and the EU-27. And in both statistics, the Spanish economy has not fared very well in relation to its European neighbours: Spain ranks fourth among European countries with the highest debt-to-GDP ratio (at the end of the third quarter of last year). This is part of…
The Bank of Spain (BdE) reported yesterday that the debt of Spanish public administrations as a whole increased by 0.2% in November compared to October, to €1.58 trillion. In year-on-year terms, debt increased by 4.6% in November, equivalent to €68.751 billion. In November, central government debt amounted to €1.41 trillion, an increase in the month of 0.35%. In addition, the debt of the autonomous communities grew by 0.26% to €324,456…
The debt of the public administrations as a whole reached 1.563 trillion euros in August, after rising by 0.4% in monthly rate, although it did not exceed the historical maximum recorded in June (1.568 trillion), according to data published on Monday by the Bank of Spain. In the last year, public debt has grown by 4.7%, with 70,866 million euros more, despite the fact that Spain is growing by 2.3%…
Public debt has risen from €1.20 to €1.54 trillion during the last five years of socialist government. It has risen by €332,768 million, 27.5% from the €1.2 trillion at which it closed in 2018. According to data from the Bank of Spain (BdE), which was reported yesterday by Europa Press, in absolute terms the debt of all public administrations in Spain reached €1.541 trillion in May, which represents a new…
The debt of all public administrations increased by 5.6% year-on-year in April, but recorded a decrease of 0.57% compared to March, reaching €1.526 trillion, according to data released yesterday by the Bank of Spain (BdE). In the last 12 months, public debt has risen by 5.6% (€81,035 million) due to higher expenditure resulting first from the pandemic crisis and, subsequently, from the economic consequences of the war in Ukraine and…
According to the Bank of Spain (BdE), the debt of Spain’s public administrations as a whole increased by 1% in March compared to February, reaching a record high of €1.535 trillion, bringing it to 113% of GDP (113.2% at the end of 2022) – the BdE uses the nominal GDP of the last four quarters for this calculation. In the last 12 months, Spain’s public debt has grown by 5.6%…
CoM | Government debt according to the Excessive Deficit Protocol rose to €1.52 trillion in February, which represents a growth rate of 5.4% in year-on-year terms and an increase of 2% compared with the previous month, according to data released by the Bank of Spain. Specifically, public debt has added €30,208 million in one month and €78,436 million in the last year. The balance of government debt rose to €1.349…
CdM | La Fundacion de Estudios Economía Aplicada (Fedea) calculates that if all the Public Administrations make an effort on fiscal consolidation which reduces the structural deficit to the tune of 0.25% of annual GDP, this would leave the indebtedness level at 110% of GDP in 2032. For the autonomous communities subsector, and with a similar structural adjustment, Fedea flags that the policy objective of 13% of GDP for the…
The share of foreign investors in Kingdom of Spain government securities has decreased from the level of 48.79% at the end of 2019 to 41.04%, which is 7.75 points higher. In December 2019, non-resident investors held a portfolio of Spanish securities for an overall amount of 480.094 billion euros, which represented 48.79% of the total debt issued by the State. They now stand at 499.376 billion euros. The strong effort…