Friday, December 12, 2014

The public debt marks another record in the third quarter, standing … – RTVE

The public debt marks another record in the third quarter, standing … – RTVE

RTVE.es/ AGENCIES

Debt of all the Spanish government stood at 1.02 billion in the third quarter the year (up 6.1% year on year), representing 96.8% of Gross Domestic Product (GDP), compared with 96.4% in the previous three months (less than offered before the new methodology data) and 91.8% in the same period of 2013.

According to data published Friday by the Bank of Spain, is amount and higher percentage of the time series of quarterly debt supervisor , which started in 1995. In particular, the data of the third quarter, of 1,020,236 million is slightly lower than the figure given in September.

The latest government forecasts, contained in the draft State Budget (PGE) for 2015 indicate that debt closed 2014 at 97.6% of GDP , which is situated beneath them.

This is the second quarter in which the debt figures are affected by a methodological change, since they are applied since the second quarter of the ESA 2010, new European system of accounts in force since September 1. The new methodology, with which I’ve updated all the time series, has raised the debt figure of 6,000 million.



Central Administration

Most Debt accumulates the central government, with EUR 891,936,000 of , after recording a 7% increase in the last year . As a percentage of GDP is 84.6%.

Meanwhile, debt of Social Security is 17,200 million euros , slightly higher than a year ago, when it stood at 17,190 million.

debt grows in the autonomous communities

The Spanish autonomous communities accumulated a debt of 232009000 euros end of the third quarter of 2014, representing an increase of 16.1% compared to the same period last year.

Catalonia is still the most indebted in absolute terms (63.075 million a 15.04% increase over the previous year), followed by the Valencia (35,892,000 and 18.69% more), Andalusia (27.654 million and debt growth of 22.67%) and Madrid (25,063 million and 11.59% more).

Here are Castilla-La Mancha (12,488,000), Galicia (9816000), Basque Country (9123000), Castilla y León (9.470 million) Balearic Islands (7.597 million), Murcia (6.673 million) and Aragon (5,999,000).

They close the Canary table (5726000), Asturias (3425000), Navarra (3327000), Extremadura (2,960 million), Cantabria (2.393 million) and La Rioja (1,329,000).

In relative terms, the most indebted to September was the Valencia (35.8% of GDP ), followed by Castilla-La Mancha (33.7%), Catalonia (31.8%) and the Balearic Islands (28.3%). By contrast, Canarias (13.8%), Madrid (13.3%) and the Basque Country (14.1%) are the regions where debt weighs less on GDP.



Go down municipal debt

Instead, the debt of municipalities fell 6.7% compared to 2013 (up to 40.781 million, equivalent to 3.9% of GDP).

The most important until the third quarter was to Madrid 6907000 0.23% less than in the previous quarter .

In second place was the Barcelona 985 million, reflecting an decrease of 16.38% over the same period in 2013 .

LikeTweet

No comments:

Post a Comment