Spain: Public Debt Fell to 100 per Cent of GDP in July, a First Since 2020
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The public debt has closed in July, bordering on 1,744 billion euros after reducing the global figure, usually reduced in July, according to data published on Thursday by the Banco de España. The debt ratio of the general government stood at 99.9% of the Gross Domestic Product (GDP), 2.4 points ... Continue reading "Public debt falls in July below 100% of GDP but touches the 1,744 billion euros"
The liabilities of all the administrations have been reduced slightly to 1,744 billion euros, so it is still close to historical highs
For the first time since 2020, the level of Spanish public debt fell below the symbolic threshold of 100% of GDP in July.
"The general government debt balance was set at 99.9% of GDP in July 2026, 2.4 percentage points lower than in the same period of the previous year", the Bank of Spain explained in a press release.
The indebtedness of the general government stood at 99.9%, figures that were not seen since February 2020, although in nominal terms it exceeds 1.7 trillion eurosANALYSIS - Is Spain growing as much as the United States? The next revision of GDP can confirm it The Spanish public debt closed July at 99.9% of the gross domestic product (GDP), the lowest ratio since February 2020, just before the outbreak of the pandemic of COVID-19 that triggered t…
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The general government debt stood in July at 99.9% of the Gross Domestic Product (GDP), 2.4 percentage points less than a year earlier, and reached 1.744 trillion euros, according to data published on Thursday by the Banco de España. According to the estimate available for July, the public debt ratio would thus have fallen below 100% of GDP for the first time since February 2020, just before the outbreak of the pandemic.
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