Spanish public debt grows at 3.8%, faster than GDP, but runaway inflation reduces it to 99.9% of GDP
According to data from the Bank of Spain (BdE), public administration debt stood at 99.9% of GDP in July, 2.4 percentage points lower than a year earlier, dropping below 100% for the first time since February 2020. In absolute terms, the debt balance rose to EUR 1.744 trillion, a 3.8% increase year-on-year, although it decreased from the EUR 1.763 trillion reached in June. By level of government, central government (State)…
Read More
