Spain public debt reaches 97.4 % of GDP in May

Bank of Spain

Most of the debt owned by the public administration is made up of medium and long term securities which represent more than two thirds of the total. This is behind most of the increase in public debt in May.

These loans rose € 8.145 billion to € 762.127 billion in May from April and were up  5.1% from a year earlier. Short-term public debt rose €  850 million to € 75.599 billion in May, representing a monthly rise of 1.1%. In annual terms, short-term securities held by public administrations increased by 5.4%.


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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

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