The public debt is approaching 100% at the end of 2015 – Investing.com Spain

MADRID (Reuters) – The debt of the whole general government stood at December by 99.57 percent of GDP, according to Reuters calculations based on data published on Wednesday the Bank of Spain.

the debt increased by 2.025 million euros in December to a total of 1.069 billion euros, compared with an estimate of the GDP of 1,074 billion euros in 2015 based on the sum of GDP nominal 2014 (1.041 billion euros) and the official growth forecast for last year.

the Spanish Economy Minister Luis de Guindos said last week that the ratio between public debt and Gross Domestic product (GDP) in Spain stabilized in 2015 after years of growth during a deep economic crisis.

the Executive foresees a debt / GDP ratio of 98.7 percent by 2015 and then begin a path of declines to 98.5 percent in 2016 to 96.5 percent in 2017 and 93.2 percent in 2018.

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