The watchdog explained that the debt of all public administrations in May rose to 7.891 million euros compared to April, while compared to the same month last year increased by 37.659 million, bringing public debt stood at 1,040. 387 million euros, said the news agency EFE.
The May increase was recorded when the latest quarterly data from the Bank of Spain placed the debt of all administrations to March in 98% of Gross Domestic Product (GDP ), nine tenths below the estimate of the Government of Mariano Rajoy for this year.
The information released today indicates that the total debt of public administrations May 762 127 000 corresponded to average values and long term, to 75.599 million and short-term securities 202 661 000 non-commercial loans, as well as to the issuance of currency and CGD.
The debt securities on medium and long term up 5.1 percent from the same month of 2014, while that of short-term securities totaled 5.5 percent, while public debt in May increased 3.8 percent from the same month recorded 2014.
The Spanish government estimates are that public debt will stand at 98.9 percent of GDP this year, 98.5 percent next year and 96.5 per percent in 2017.
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