Spain’s general government debt rises 2.6% to €1.646 trillion in February

spain savings rate

The debt of the Public Administrations stood at €1.646 trillion in February, which represents a growth of 2.6% in year-on-year terms, with €42,051 million more, as reflected in the data of the Excessive Deficit Protocol published by the Bank of Spain.

Compared with the previous month, the debt balance increased by €16,906 million, or 1.04%.

Specifically, the State debt stood at €1.498 trillion, with a year-on-year increase of 3.8%, while for the Other Central Government Units the balance was €36 billion, representing a decrease of 8.7% with respect to the previous year’s figure.

For their part, the debt balance of the Social Security Administrations stood at €126,173 million, 8.6% more than a year earlier.

With regard to territorial administrations, the debt of the Autonomous Regions was €336,051 million in February, with a year-on-year variation of 2.5%, while the debt of Local Corporations stood at €22,563 million in this month, 2.3% less than a year earlier.

On the other hand, consolidation in the general government sector as a whole, i.e. the debt held by the different sub-sectors that make up this sector, increased by 7.7% with respect to the previous year, to €372,000 million.

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