public debt

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Spanish public debt sets new record: 1.613 trillion (109% of GDP)

The Bank of Spain (BdE) reported on Friday that the debt of all public administrations in Spain rose in 1Q2024 to 109% of the country’s Gross Domestic Product (GDP), 1.3 percentage points above the close of 2023, while the amount of Spanish public debt set a new record at €1.613 trillion, with record indebtedness of the State and the autonomous regions. The Bank of Spain, which thus confirmed the 1Q2024…


3. Public debt

Spanish debt hits record €1.6 trillion, 109% of GDP, and grows at 5,1%, twice rate of GDP, 2%

According to data from the Bank of Spain (BdE), Spanish public debt rose in 1Q2024 to 109% of GDP, 1.3 percentage points higher than at the end of 2023, while it set an all-time high at €1,613,063 million, 5.1% higher than in the same quarter of the previous year. Data published on Friday by the Spanish Central Bank (BdE) show that at the end of 1Q2024, the State’s debt amounted…


Spanish public debt

Public debt rises by €19.549 billion to €1.6 trillion in February

The debt of public administrations as a whole rose by €19,549 million in February compared with the previous month (+1.2%), reaching €1,602,662 million, a new record high, according to data published yesterday, Monday, by the Bank of Spain. This rise means that the debt of public administrations exceeds the barrier of €1.6 trillion for the first time in history, above the record reached in January of €1.583 trillion. In the…


Spain ratings

Spain: Increase debt by 5% to increase GDP by 2.5% (with issued debt already at 137% of GDP)

Miguel Navascués| In 2023 the net debt issuance of the Kingdom of Spain was €72,878 m, 5% of GDP 2022. GDP grew by 2.5% in 2023 but with inflation it increases nominally more (€115,000 m) and the ratio falls to 109% of GDP. In reality, however, the debt issued is much higher, at 137% of GDP. Because the ‘official’ debt is 109.8% of GDP. But this figure is arrived at…


3. Public debt

Spain has fourth worst debt figure in Europe, 110% of GDP, and public deficit at 4.3%

Eurostat has released data on public debt and deficit at the end of the third quarter of the previous year for the euro area and the EU-27. And in both statistics, the Spanish economy has not fared very well in relation to its European neighbours: Spain ranks fourth among European countries with the highest debt-to-GDP ratio (at the end of the third quarter of last year). This is part of…


Sanchez

Spanish public debt rises to €1.58 trillion, €68,751 million more per year

The Bank of Spain (BdE) reported yesterday that the debt of Spanish public administrations as a whole increased by 0.2% in November compared to October, to €1.58 trillion. In year-on-year terms, debt increased by 4.6% in November, equivalent to €68.751 billion. In November, central government debt amounted to €1.41 trillion, an increase in the month of 0.35%. In addition, the debt of the autonomous communities grew by 0.26% to €324,456…


Global debt

Spain’s public debt growing by €70 billion a year, over double pre-pandemic rate

The debt of the public administrations as a whole reached 1.563 trillion euros in August, after rising by 0.4% in monthly rate, although it did not exceed the historical maximum recorded in June (1.568 trillion), according to data published on Monday by the Bank of Spain. In the last year, public debt has grown by 4.7%, with 70,866 million euros more, despite the fact that Spain is growing by 2.3%…


Global debt

Spain’s public debt rises to €1.54tn, up 27.5%, under Sánchez’s government

Public debt has risen from €1.20 to €1.54 trillion during the last five years of socialist government. It has risen by €332,768 million, 27.5% from the €1.2 trillion at which it closed in 2018. According to data from the Bank of Spain (BdE), which was reported yesterday by Europa Press, in absolute terms the debt of all public administrations in Spain reached €1.541 trillion in May, which represents a new…


Spanish public debt

Spain’s public debt rises €225 million daily, €6.75 billion monthly, €81 billion – 5.6% – over last 12 months

The debt of all public administrations increased by 5.6% year-on-year in April, but recorded a decrease of 0.57% compared to March, reaching €1.526 trillion, according to data released yesterday by the Bank of Spain (BdE). In the last 12 months, public debt has risen by 5.6% (€81,035 million) due to higher expenditure resulting first from the pandemic crisis and, subsequently, from the economic consequences of the war in Ukraine and…


spanish PM pedro sanchez

Spain’s debt rising by €6,795 million per month and reaches record €1.535 trillion

According to the Bank of Spain (BdE), the debt of Spain’s public administrations as a whole increased by 1% in March compared to February, reaching a record high of €1.535 trillion, bringing it to 113% of GDP (113.2% at the end of 2022) – the BdE uses the nominal GDP of the last four quarters for this calculation. In the last 12 months, Spain’s public debt has grown by 5.6%…