The debt of all government to June rose for the first time over one trillion euros ( 1,007,319 million ), about 98.4% of GDP , according to updated today by the Bank of Spain data.
L a government forecast for this year is that the debt reaches 99.5 % of GDP.
After rising in 10,336,000 from May , which represents an increase of 1.03%, the total debt administrations in the first half, 729 331 values correspond to medium and long term 74,652,000 to short-term securities and 203 336 000 credits noncommercial as well as issuing currency and overall deposit box.
The Spanish public debt has tripled since the economic crisis began, and has gone from being an 36.3% of GDP in 2007 to reach almost 100% today .
In recent administrations disaggregated data, for the first quarter of this year, most of the debt for the State (84.5% of GDP), followed by the autonomous communities (21.7% of GDP) and municipalities ( 4% of GDP).
The Economy Minister Luis de Guindos, a few months ago blamed the rise in public debt accumulated deficit, specific measures such as payments to suppliers or Autonomous Liquidity Fund , which provides funds to the regions pay their debts, and issues such as p rogram financial assistance for Spanish banks.
According to a landmark study by the International Monetary Fund (IMF) Spanish public debt exceeded or brushed 100% of GDP between 1900 and 1909 , had maximum (149% of GDP) e n 1881 , when it began to be counted, and its minimum in 1975 (7.3% of GDP).
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