The debt of all public administrations in Spain grew from 14,031,000 euros (US $ 15,828,000) in March, standing at 1.095 billion euros, ie 101.03% of gross domestic product (GDP), he spread the BE.
the Bank of Spain (BE) reported that public debt recorded the biggest increase since May 2014, which meant that the public debt exceeded 100% of GDP for the first time closure of a quarter.
This debt ratio (101.03%) is calculated from the volume growth of GDP published by the National Statistics Institute (INE) on 25 February, which reached 1.081 billion euros ( US $ 1.22 billion) in 2015.
the amount exceeds the target of the Government of Spain debt for the year, located at 99.1% of GDP, according to the latest stability program .
This debt government has not stopped growing in the European country since the beginning of the economic crisis in 2008, and so did together in 2015, although the percentage of GDP fell by the first time since that year.
the government of Spain expects the indicator starts to decline from this year, with a rate of 99.1% of GDP to 96% in 2019.
according to BE, public debt exceeded the wealth generated in the country for the first time since 1909, according to a historical series of the International Monetary Fund (IMF), in addition to string together 23 consecutive months above the trillion euros (1.13 billion dollars).
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