The debt of public administrations as a whole reached an all-time high of 1.568 trillion euros in June, after growing more than 1.7 percent monthly, data released by the Bank of Spain on Thursday.
Last year, public debt rose 6.4% to another 93,763 million euros, as a result of low incomes and higher expenses and higher prices resulting from the pandemic crisis and the war in Ukraine.
With this figure, debt stands at 113.1% of GDP at the end of the year. second quarter of the yearBased on the nominal GDP of the last four quarters, according to calculations by the Bank of Spain.
The monthly increase in debt in June was mainly due to an increase in Government indebtedness and, to a lesser extent, community indebtedness. autonomous and municipalities. On the other hand, SGK debt remained more or less stable in the sixth month of the year.