April 15, 2016, 7:13 Madrid, April 15 (PL) Spanish public debt rose in February at nine thousand 732 million euros and stood at one trillion 81 billion, reported the Bank of Spain.
Regarding the gross domestic product (GDP) at current prices expected for the current year -a trillion 142 billion euros, the figure is at 94.6 percent, although taking into account the GDP of 2015 the percentage of debt is around 100 percent.
the forecast of the current Spanish government functions, including the budgets of 2016, is that the debt falling to 98.5 percent this year to 96.5 percent in 2017 and to 93.2 percent in 2018.
Since the beginning of the economic crisis in 2008, the debt to GDP of this European country nearly tripled from a low of 35.5 percent 2007 (384 billion euros) to 99 percent in 2015. According to the executive, this volume of commitments was caused by the high deficit inherited, support mechanisms to the autonomous communities, the recapitalization of the financial sector and the Spanish contribution to bailout programs of Ireland, Portugal and Greece.
the European Commission warned Spain on its high levels of debt and unemployment, threatening the long-term equilibrium of the path of economic recovery, by exposing the country to risks arising from fluctuations in market confidence
rc / edu.
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