New record for Spanish public debt (€1.740 Trillion), growing 4.3% year-on-year (against 2.7% GDP growth)
Thus, only inflation (3.2%), which is crushing the purchasing power of Spaniards, is keeping the Public Debt-to-GDP ratio at bay (101.6%). Because in absolute terms, the public debt computed under the EU’s excessive deficit procedure has hit a new record: €1.740 trillion. According to the Bank of Spain (BdE), the debt of Spanish public administrations grew by 4.3% year-on-year in March—reaching that record figure of €1.740 trillion—representing an increase of…
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