public spanish debt

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Spanish public debt closed June at €1.569 trillion, reaching record highs

BancaMarch: Spain’s public debt continues to grow. Public debt closed June at €1.569 trillion, reaching record highs, above the levels seen during the pandemic, according to data published by the Bank of Spain. The increase in debt is a consequence of lower revenues and higher expenses derived from the war in Ukraine and the pandemic. The difference with respect to the previous month amounts to €26.93 billion. If we compare…


Bloomberg graph

The Flaws In Spanish Public Debt Figures

It has been revealed this week that Spain’s public debt has exceeded 100% of GDP for the first time, reaching 1.095 billion euros. According to the Bank of Spain, this figure represents about 101% of GDP. Almost at the same time, Bloomberg published a graph showing that this level had not been seen since 1909, as well as the level of debt during the Spanish Civil War. With just one month to go to new elections in Spain is this graph oportunistic?