Spanish economy

spain savings rate

Spanish Public Debt At An All-Time High: Eur 1.39 trillion

According to data from the Bank of Spain (BdE) released on Friday, the debt of Spanish public administrations as a whole rose in Q1’21 to 1.392,733 trillion euros, a record high. This figure represents 125.3% ofof Spain’s Gross Domestic Product (GDP). In the last year, public debt has increased by 168.213 billion euros, which represents an increase of 13.7%. It should be recalled that at the end of 2020 this…

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Public Works Tenders In Spain Could Rebound 41% This Year To 2010 Levels

Seopan, the employers’ association of large construction companies and infrastructure concessionaires, estimates that public construction tenders in Spain will grow by 41.5% in 2021 to 20.17 billion euros, which would mean almost 6 billion euros more than a year earlier and recover the levels of 2010.Moreover, taking into account the current pace, it calculates that awarding could close the year with an increase of 12.4% to 7.9 billion euros, which would mean 877 million euros more than in 2020 and return to 2011 values.