Link Securities | Yesterday, Expansión newspaper reported that the debt of Spanish public administrations as a whole stood at €1.630 trillion in January, which represents an upturn of 2.8% in year-on-year terms. The amount is the second highest in the historical series, according to data from the Bank of Spain (BdE).
In the last 12 months public debt has increased by €50,897 million, while in relation to the month of December the increase was €8,194 million, 0.5%. The increase in public debt in January compared to the same month last year is due to the increased indebtedness of the Central Administration, the autonomous communities and Social Security, while local councils have seen their debt reduced over the last year.
