Public administration debt reached €1.736 trillion at the end of April, following a year-on-year increase of 4.4%, according to data from the Bank of Spain (BdE). Nevertheless, its ratio to Gross Domestic Product (GDP) fell to 101%, representing a 1.6 percentage point decrease compared to the same period last year.
In absolute terms, the volume of debt increased by 4.4% compared to April 2025. However, it decreased slightly by 0.2% compared to March, when it hit a record high of €1.740 trillion.
By level of government, Central Government debt stood at €1.582 trillion—up 4.5% from a year earlier—equivalent to 92% of GDP. Meanwhile, Other Central Government Units recorded a debt of €33 billion (1.9% of GDP), representing a year-on-year reduction of 6.5%.
Social Security Administration debt rose to €136 billion, up 7.9% from April last year, a figure equivalent to 7.9% of GDP. This increase is due to loans granted by the State to the General Treasury of the Social Security to finance its budget deficit.
As for regional and local governments, autonomous community debt reached €351 billion in April 2026, representing 20.4% of GDP and a year-on-year increase of 3.6%. Meanwhile, local government debt stood at €21 billion (1.2% of GDP), 9.5% lower than that recorded in the same month of the previous year.
