Spain public debt

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%…

Spain public debt

Spain public debt would drop to 110% of GDP in 10 years if structural deficit falls by 0.25% annually, according to Fedea

CdM | La Fundacion de Estudios Economía Aplicada (Fedea) calculates that if all the Public Administrations make an effort on fiscal consolidation which reduces the structural deficit to the tune of 0.25% of annual GDP, this would leave the indebtedness level at 110% of GDP in 2032. For the autonomous communities subsector, and with a similar structural adjustment, Fedea flags that the policy objective of 13% of GDP for the…

spain syndicated bonds

Foreigners reduce their holdings of Spanish bonds by almost eight points in three years

The share of foreign investors in Kingdom of Spain government securities has decreased from the level of 48.79% at the end of 2019 to 41.04%, which is 7.75 points higher. In December 2019, non-resident investors held a portfolio of Spanish securities for an overall amount of 480.094 billion euros, which represented 48.79% of the total debt issued by the State. They now stand at 499.376 billion euros. The strong effort…


Who said fear? Sánchez’s government has already raised the debt by 300 billion euros, which marks a new record high: 1.504 trillion (116% of GDP)

Debt set a new all-time high in September, at 1.504 trillion euros, which represents an increase in relative terms of 0.8% compared to the previous month, reaching 116% of GDP. By administrations, government debt rose in September to 1,329,016 billion euros, 6.8% more than a year ago and 1.15% higher than in the previous quarter, marking an all-time high. For their part, the debt of the autonomous communities fell by…

euro digital

The Spanish Treasury Pays For Debt Again

Fernando González Urbaneja | In recent years the European Central Bank, in addition to ensuring price stability (an objective it has achieved), has tried to sustain and stimulate the euro economies by supplying all the credit necessary and at the lowest price imaginable, practically zero. States have benefited from this policy by issuing debt at no cost, even with a few tenths of a yield. The ECB has done its…

Just Sanchez

Pedro Sánchez: To Govern Is To Spend

To govern is to spend. Although the end result, as Zapatero’s experience shows, leads to losing elections in a spectacular fashion, the temptation is irresistible. Zapatero handed out cheques with debt at 60% of GDP. Sánchez is doing it with levels of 140%. May Saint Rita look after his eyesight!

Spain seizes good moment in risk premium to issue 10 year syndicated bond

Brussels Gives Spain Two Months To Cut Late Payments By The Public Sector, Which Owes Over 80 Billion Euros To Suppliers

Yesterday, Wednesday, the European Commission gave Spain a two-month ultimatum to reduce the “excessive” delays in payments by autonomous communities and municipalities to their private sector suppliers to avoid the matter ending up in the EU Court of Justice. Spain’s public administrations owed their suppliers over 83.35 billion euros at end-2020, according to data from the Bank of Spain. The debt – which is equivalent to the transfers Spain expects…


Spain Will Include Sareb’s Liabilities In The Total Public Debt, Which Will Rise To 120% Of GDP

Public debt could rise to 120% of GDP in 2020, due to a reclassification of €35 billion of the Sociedad de Gestión de Activos Procedentes de la Reestructuración Bancaria (SAREB), the so-called “bad bank” in Spain, reports Expansión. In fact, Eurostat has forced Spain to digest the 35 billion of debt. With this accounting change, the level of Public Debt over GDP, which increased by more than 20 points over 2020 to 117% (1,311,298 M€) from 95.5% in 2019, would rise by about 3 additional points to 120%.

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Spain’s Public Debt Reaches €1.311 Tr In 2020 (117% Of GDP), A Figure Not Seen Since 1902

Link Securities | Spain’s public debt increased in 2020 by 122.4 billion euros, which takes this item at 1.311 billion euros at the end of the fiscal year, according to data from the Bank of Spain. In terms of Gross Domestic Product, Spanish public debt would have finished last year at 117%, a ratio not reached since 1902 due to the consequences of the Cuban War and the global crisis in agricultural prices.

Spanish public debt

The Public Debt Hits A New Record High In Spain And Is Close To 104% Of GDP

The total debt of the public administrations rose by 8.2% in July in comparison with the same month of the previous year, as a consequence of the greater expenditure derived from the coronavirus crisis. This increase adds up to almost €100 billion more in the last year, according to the data published on Thursday by the Bank of Spain.