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…
While Puigdemont demanded an amnesty from Sánchez in exchange for his support for the investiture, ERC demanded a write-off of the Catalan government’s debt. Sánchez accepted both agreements, and yesterday, the Council of Ministers approved the draft law that will allow a write-off of €83.252 billion for all regions except the Basque Country and Navarra, which are not under the common regime. To make the measure more palatable, the government…
CdM | At the end of the first quarter, public administration debt stood at €1.668 trillion, representing 103.5% of GDP, according to data from the Excessive Deficit Protocol (PDE) published by the Bank of Spain. This is 2.8 percentage points less than in the same period in 2024, while the growth rate of the debt balance was 3.3% year-on-year. Among the various subsectors of the public administration, the debt balance…
The Bank of Spain (BoE) published yesterday that the debt of all public administrations in Spain rose in March to €1.667 trillion. Compared to February, Spanish public debt grew by 1.3%, which represents an increase of €21.263 billion. In the last 12 months, Spanish public debt has grown in absolute terms by 3.3%, equivalent to €52.729 billion. This figure contrasts with the 2.6% growth expected for Spanish GDP by the…
Link Securities | The Bank of Spain (BdE) published on Monday that Spanish public debt increased by €46.143 billion in 2024, to €1,621,515 billion, which is its highest level for an annual close. In terms of Spain’s GDP, public debt stood at 101.8% at the end of 2024, 3.3 percentage points less than in 2023. The improvement in the public debt ratio has a lot to do with the upward…
For 2025, the Treasury plans to issue €60.000 million of net debt, which is 9% more than the €55.000 million in 2024. The increase, as assured by the Minister of Economy, Carlos Cuerpo, after the Council of Ministers, aims to “provide sufficient flexibility to respond to the disaster of the DANA” and to assist “for as long as necessary to those affected.”In gross terms, this year the Treasury will need…
According to data from the Bank of Spain (BdE), the total debt of the Spanish Public Administrations closed October at €1,628,243 million, €7,873 million less than in September. In relation to October 2023, the debt increased by €54,954 million. The majority of the debt was concentrated in the State, with €1,480,032 million, €10,067 million less than a month earlier. Meanwhile, the debt of the Autonomous Communities closed October at €334,210…
The Bank of Spain (BdE) raised its growth forecast for this year by five tenths to 2.8% yesterday, while calling for transparent and prompt fiscal consolidation. It also announced that the total public debt of Spain’s administrations decreased by €8.931 billion in July compared to June (-0.5%), reaching €1.616 trillion, the second-highest figure in historical series. This is slightly less than 108% of GDP. The decrease in public debt in…
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…
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…