April 15, 2021

Public debt rises to 1.17 trillion and closes 2018 one tenth above the target – The Province

Public debt rises to 1.17 trillion and closes 2018 one tenth above the target - The Province


The debt of all thepublic administrationsit increased in 2018 in26,536 million euros, up to 1,170 billion, which closed the year at 97% of GDP, one tenth more than the target set by the Government, according to data published this Friday by the Bank of Spain.

Specifically, the public debtincreased in December by 2.3% compared to the same monthlast year, with 26,536 million more, and rebounded by 0.14% compared to November, rising by 1,737 million euros more than the previous month.

In this way, the public debt ratio closed 2018 at 97% of GDP, one tenth more than the Government's estimate in the Budgets, which stood at 96.9% of GDP. For this year, the target was set at 95.4% of GDP.

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