public debt

Spanish economy 15th September 2026

Spanish 10-year bond yield breaks the 4% barrier, reaching levels not seen since 2013

Following the interest rate hike in the eurozone—when the ECB raised its official rate by 0.25 percentage points to 2.5% last Thursday—eurozone debt has begun its ascent. Consequently, the yield on Spanish 10-year sovereign bonds has pierced the psychological 4% threshold for the first time since 2023, hitting levels last seen in 2013. Specifically, the Spanish 10-year bond rose to 4.022% around 4:45 p.m. this Monday, trading near 2013 highs….

Spanish economy 20th August 2026

Spain generates nearly 200 million in new debt daily

Spanish public debt has reached 1.763 trillion, a new record, but the most important thing for the Government is that the Debt-to-GDP ratio has fallen from 103.4% to 101.5% of GDP in one year. It forgets to mention that inflation in the first half of the year stood at 3.2%, meaning GDP is “inflated” by price increases that do nothing but erode Spaniards’ purchasing power. Economic theory emphasizes that public…

In Spain 20th July 2026

Spanish public debt (100.2% of GDP) continues to grow at annual rate of 4%, outpacing GDP (2.4%)

Spanish General Government debt stood at €1.729 trillion in May 2026, a 4% increase compared to the same month of the previous year, according to data published by the Bank of Spain (BdE). However, public debt decreased by 0.58% relative to the historical high recorded in March of this year, when it reached €1.739 trillion. Meanwhile, the General Government debt-to-GDP ratio, measured according to the Excessive Deficit Procedure (EDP), stood…

Spanish economy 22nd June 2026

Spanish public debt grows at 4.4% annual rate

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%…

In Spain 20th May 2026

New record for Spanish public debt (€1.740 Trillion), growing 4.3% year-on-year (against 2.7% GDP growth)

Thus, only inflation (3.2%), which is crushing the purchasing power of Spaniards, is keeping the Public Debt-to-GDP ratio at bay (101.6%). Because in absolute terms, the public debt computed under the EU’s excessive deficit procedure has hit a new record: €1.740 trillion. According to the Bank of Spain (BdE), the debt of Spanish public administrations grew by 4.3% year-on-year in March—reaching that record figure of €1.740 trillion—representing an increase of…

Spanish economy 18th February 2026

Spanish public debt grows by 4.8% in 2025, accounting for 100% of GDP

According to data released by the Bank of Spain (BdE), Spain’s public debt increased by 4.8% in 2025 compared to 2024 (an increase of €78.108 billion), reaching €1,698,681 million. This represents a new record high for a year-end closing, although the figure remained below the monthly record of €1,709,330 million registered last September. Consequently, the total debt for all Public Administrations closed 2025 at 100.8% of GDP, which is 0.9…

In Spain 19th January 2026

Spanish Public Debt Grows at Year-on-Year Rate of 4.7%

In absolute terms, Spanish Public Administration debt reached €1.698 trillion in November, representing a 4.7% year-on-year increase and a 0.3% rise compared to October. Meanwhile, the public debt-to-nominal GDP ratio—calculated according to the Excessive Deficit Procedure (EDP)—stood at 101.5% in November. This represents a decrease of 0.8 percentage points compared to the figure recorded in November 2024. Breakdown by Administration Level Central Government (The State): The debt balance reached €1.549…

Spanish economy 18th November 2025

Spanish Public Debt Grows at Annual Rate of 4.5% and Hits New Record of €1.71 Trillion

According to preliminary data published by the Bank of Spain (BdE), the outstanding balance of Spanish Public Administrations’ debt stood at €1.710 trillion in September, representing a 4.5% increase year-on-year, while the increase compared to August was 0.1%. The September figure marks a new historical record. The BdE reported that in September, central government debt grew by 4.6% year-on-year, reaching €1.558 trillion, which represents 94% of GDP. For their part,…

In Spain 22nd October 2025

Spanish Public Debt Grows at Rate of 4.7% and Sets Historical Record: €1.699 Trillion

According to data published by the Bank of Spain (BdE), the debt of the Spanish Public Administrations (AAPP) stood at €1.699 trillion in August, its highest level in history. However, due to inflation (3%), its weight relative to the Gross Domestic Product (GDP) moderated to 103%, which represents a drop of 0.9 percentage points compared to the same month in 2024. Thus, according to the data published this Tuesday by…

In Spain 1st October 2025

Spain: Public Debt (103% of GDP) Rises by 4% Annually While GDP Grows by Less than 3%

According to data from the Bank of Spain (BoE), the debt of the Spanish public administrations as a whole, under the Excessive Deficit Procedure, stood at €1.691 trillion at the close of the second quarter of this year, its highest level in history. Relative to Spain’s Gross Domestic Product (GDP), the debt stood at 103.4%, the same level as in the first quarter of 2025. In absolute terms, Spain’s public…

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