Spain fired at 45 billion euros its public debt in 2024 and marks new record in February

The new interest rates and their effect on the profitability of public debt Read more The impact of rate drops on Spanish public debt in Actualidad.es.

According to Eurostat data, the state has reduced the public deficit with respect to Gross Domestic Product from 105.1% to 101.8% in 2024. Up to 12 European countries have equaled or exceeded the 3% annual deficit barrier.

Spain closed the 2024 financial year with a public debt-to-GDP ratio of 101.8%, the fifth highest among EU countries, while the deficit stood at 3.2%, according to data from the European statistical office, Eurostat, in the first notification of 2025 for the application of the excessive deficit procedure (EDP). Read more]]>

According to data published by Eurostat on Tuesday, Spain’s public debt at the end of the 2024 financial year has reached 101.8%, the fifth highest of the countries of the European Union (EU). Specifically, it is estimated at 1.62 trillion euros, an increase of 45 billion more than in 2023. The deficit has been at 3.2%, two tenths above the commitment to Brussels. However, it has shown a decrease from the data of 2023, where the deficit was at 3…