2023-06-16 12:48:11
The debt of the public administrations as a whole rose in the first quarter to the historical maximum 1,535 trillion euros, but moderated to 113% of GDP, according to data from the Bank of Spain published this Thursday.
In the last year, public debt has increased by 81,446 million euros, which represents a rise of 5.6%, although its weight in GDP has fallen from 117.4% in the first quarter of 2022, to 113% between January and March of this year.
The data marked in the first quarter (113% of GDP) exceeds, however, the Government’s objective for the whole year (111.9%), in accordance with the provisions of the Executive in the 2023-2026 Stability Plan sent to Brussels at the end of April.
According to the projections of the Executive, the debt will maintain its reduction path after the decrease of five points last year, reaching 111.9% of GDP in 2023 and already falling from 110% (109.1%) in 2024. In 2025, the forecast is for it to fall to 107.9% and in 2026 to 106.8%.
Compared to the end of the year, the debt has increased by 32,761 million euros, which means a rise of 2.2%, in a context still marked by the crisis in Ukraine and the rise in prices. However, the weight in GDP has followed a downward path and has fallen from 113.2% to 113%.
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