Madrid, Sep 12 (EFE) .- debt the Spanish government has passed in the second quarter trillion euros (1,012,643 million), a record high that stands at 98.9% percent of GDP and only six-tenths of the government forecast for the year (99.5%).
This figure assumes that all the government debt in the second quarter grew 6.54 %, according to data released today by the Bank of Spain.
The Secretary of State for Economic, Inigo Fernandez de Mesa, said in his first press conference in office the Government hopes meet their forecasts and has emphasized that public debt will stabilize in 2015 and 2016, later reduced.
“We do not expect, he said, any changes respecting the Stability Programme” whereby debt still rise in 2015, reaching 101.7% of GDP, while lower in 2016 (101.5%) and 2017 (98.5%).
to June increased indebtedness in terms absolute corresponded to the central government, with a debt of 885 232 000, equivalent to 86.4% of GDP and 7.84% from a year earlier.
However, in relative terms, regions had the largest increase, up 15.7%, with a debt in the second quarter of 228,234,000, 22.3% of GDP.
In contrast, local authorities are best have behaved and have returned to reduce debt, to 41.994 million, 5.7% lower than a year earlier, although it has slightly increased over the previous quarter.
The Bank of Spain has explained that part the increase in combined debt of administrations (6,000 million euros) is due to the use of the new methodology of the European System of Accounts (ESA) 2010, in force across the EU since 1 September.
The company pointed out that the methodology change also affects the calculation of GDP, the National Statistics Institute (INE) will review in the coming days, which will cause the ratio of debt to GDP decreased “significantly”.
By region, Catalonia is still the most indebted in absolute terms (61.836 million, 15.10% higher than a year earlier), followed by Valencia (34.782 million, 16.5% more), Andalucía (26.548 million, 21.9%) and the Community of Madrid (25.018 million, 10.45% more).
In relative terms, the Valencian Community is at the head with debt reaching 35.7% of GDP, followed by Castilla-La Mancha (34.2% of its GDP), Catalonia (32.1% of GDP) and Balearic Islands (29.1% of its GDP .)
how to the most important and the second quarter was the municipal debt of Madrid (6,923,000) followed by Barcelona (1,011 million).
However, the City Council of Barcelona was the most reduced its debt, 10.45%, ahead of the Madrid corporation, where 9.98% is decreased.
The debt of public companies not included in the government sector fell 6.33% over the previous year, from 46.795 million in the second quarter of 2013 to 43,831,000 in the same period of 2014.
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