MADRID (Reuters) – the debt of public administrations (AAPP) fell in April to 1.079 billion euros, compared with 1.095 billion the previous month, data showed on Friday the Bank of Spain.
The percentage debt-to-Gross Domestic Product (GDP) stood at 98.99 percent, lower than the previous month and calculated based on cumulative quarterly GDP between the second quarter of 2015 figure and the first of 2016 in seasonally adjusted data .
In March the percentage was above 100 percent of GDP.
After several consecutive years of strong rebound in debt, the Spanish Government, now in office, plans a progressive decrease in indebtedness is produced from this year.
the Executive expects to close this year with a debt / GDP ratio of 99.1 percent and next year with 99.0 percent, according to its latest macro picture published in April.
Before the start of the crisis, in 2007, the Spanish public debt It amounted to 384,000 million euros, equivalent to 35.5 percent of GDP.
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