June 23, 2021

The public debt fell in October 14,700 million – The Province

The public debt fell in October 14,700 million - The Province


The debt of all public administrations fell in October in14,728 million euros, up to 1,160 billion, which moderates to the environment of97% of GDP, after September marked a record high and rose to 98.3% of GDP, according to the data published on Tuesday by the Bank of Spain.

In particular, the public debt was reduced in October1.25% compared to the month of September, but rebounded 2.7% in the last year, registering now almost 31,000 million euros more than in October 2017. However, it is placed around 97% of GDP, just the Government's goal for the whole year .

By administrations, the debt of the Central Administration was also reduced in October, to 1,020 billion euros,which is a decrease of 1.3% compared to the previous month, but in interannual rate rebounded 4.5%.

The autonomous communities raised their debt slightly, up to292,410 million euros, 29 million euros more than in September, although compared to October last year registered a greater increase of 2.2%. On the other hand,local corporations reduced their debt by almost 4%compared to the previous month, up to 26,913 million, but in the last year they raised it almost 10%.

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