The debt from the group of public administrations reached 1.42 billion euros, new historical maximum, after growing almost 1.7% at monthly rate, with which it chains two consecutive upwards, according to published data. Tuesday for the Bank of Spain.
Using the nominal GDP of the last four quarters, the debt ratio on GDP stood at 122.1% in the second quarter of 2021, above the objective established in the stability plan of 119.5% of GDP.
Regarding the month of June of last year, public debt has increased by 134,607 million euros, which represents a rebound of 10.4%, as a consequence of the COVID-19 crisis, which has cut revenues and has elevated Expenses to finance approved support measures.
Date Of Update: 17 August 2021, 04:37
