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,…
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