May 12, 2021

Public debt increases by 8,248 million in November, up to 1,169 billion

Public debt increases by 8,248 million in November, up to 1,169 billion



The debt of the Public Administrations as a whole increased in 8,248 million euros in November, reaching 1,169,224 million, according to the data updated today by the Bank of Spain.

These data reflect that the increase is mainly due to the increase in the State's debt, which totaled 9,151 million euros in November, with what went from 1,020,528 to 1,029,679 million.

In addition, the debt of the autonomous communities rose from 292,410 million to 292,825 million (415 million more), while the Social Security went from a debt of 34,863 million to one of 41,193 million (6,330 million more), as a result of the loan granted by the State to pay the November payroll for pensions, which includes the extra Christmas pay.

The local corporations were the only ones that reduced their debt, going from a debt of 26,913 million to 26,391 million at the end of November, 522 million less.

Of the total debt in November, the vast majority was long term (944,042 million) and the rest, in the short term (67,670 million), in loans (152,818 million) and in cash and deposits (4,694 million).

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