The Spanish public debt down slightly in January – Investing.com Spain

MADRID (Reuters) – The debt of the whole general government stood in January at 1.069 billion euros compared to the figure of 1,070 billion last January, according to data released . on Thursday by the Bank of Spain

with regard to GDP at current prices expected for the current year – 1.142 billion euros – the figure is 93.6 percent, but if one account GDP in 2015, the percentage of debt is around 99 percent.

After several consecutive years of strong rebound in debt, the Spanish government now functions, is scheduled to begin this year a progressive decrease in indebtedness, with the forecast of a debt / GDP ratio of 98.5 percent in 2016, 96.5 percent in 2017 and 93.2 percent in 2018.

needs debt issuance by the government to cover budgetary imbalances during the crisis have been the main factor in the rapid increase in debt in recent years, from 35.5 percent of GDP in 2007, when it stood at about 384,000 million euros.

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