this debt revenue of public administrations as a whole rose to an all-time high of €1.504 trillion in the third quarter, Although its weight on GDP has softened somewhat and the rate remains at 116%, it represents an increase of about 2% relative to the previous quarter, according to data released by the Bank of Spain this Wednesday.
Debt at the interannual rate increased by 71,458 million, up 5% from the same quarter last year as a result of lower income and higher expenses resulting from the pandemic crisis and more recently due to the war in Ukraine.
Ratio of public debt GDP was 116%, Consistent with what was set by the Executive in the Stabilization Plan and Budget Plan, it is one-tenth less than in the second quarter (116.1%), but still exceeds the Government’s target for the full year (115.2%). Sent to Brussels.
The scenario proposed by the 2022-2025 Stabilization Program, A gradual decrease in the deficit over four years until the debt-to-GDP ratio is 109.7% in 2025.