Saturday, June 18, 2016

José Gonzalo Morales // Low public debt in April EUR 16,333,000 – EntornoInteligente

The debt of all government fell in April at 16.333 million euros and stood at 1.078 billion euros, which would represent the 99.03% of GDP, compared to close to 101% rate reached in March, according to the latest data from the Bank of Spain.

The debt ratio is calculated from the data of nominal GDP of the last four quarters (between the second quarter of 2015 and the first quarter of 2016) and is below the target of government debt for the year, located in 99.14% of GDP, according to the latest stability program.

Economy Ministry sources have pointed to Europa Press that this objective despite fluctuations that may occur throughout the year by the different amortization schedule and emissions will be fulfilled.

The Treasury has issued to date 56.1% of the forecast debt in the medium and long term for the whole year (120,300 million euros), with a cost of issue to 31 May 0.87%, at historically low levels.

The public debt fell 1.5% in April compared to March, but increased by 3.9% compared to April 2015. In particular, government debt in the fourth month of the year it is almost 41.

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000 million higher than a year earlier (1.037 billion euros).

With respect to the closing of 2015, public debt grew 0.6% in April, with 6.636 million euros more. The government expects the debt go down from this year from 99.1% of GDP to 96% in 2019.

Almost all debt, medium and long term the bulk of the debt held by government securities is medium and long term, which account for three-quarters of the total debt and explain most of the decline of public debt in absolute terms in the fourth month of the year.

These loans fell by 14,170 million euros compared to the previous month, to 798,510 million euros, although on year recorded a growth of 6.4%. Regarding the end of 2015, these credits experienced a rise of 0.7%.

Public debt in short-term securities fell in April at 2.355 million euros, to 79,537,000. In the past year, short-term securities held by public authorities increased by 6.4%.

Meanwhile, non-commercial credits and other loans increased by 192 million euros in April, to 200.759 million euros. Over the same month of 2015, experienced a decrease of 5.6%

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tags. Spain

With information: Expansion

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