The Spanish government debt rises again in March 2015 exceeds GDP – Investing.com Spain

MADRID (Reuters) – The debt of the whole general government reached a record level in March to stand at 1.095 billion euros, compared with 1.081 billion last February, according data released on Wednesday by the Bank of Spain

with regard to GDP at current prices expected for the current year -. 1.142 billion euros – the figure stands at 95.88 percent, although if takes into account GDP in 2015 (1.081 billion), the percentage of debt exceeds 100 percent.

After several consecutive years of strong rebound in debt, the Spanish government now in office, has 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.

Before the start of the crisis, in 2007, Spanish public debt amounted to 384,000 million euros, equivalent to 35.5 percent of GDP.

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