debt of the set public administrations rose in the second quarter all time high 1.569 billion euro in absolute terms, but reduced its weight on GDP to 111.2%according to data Bank of Spain published. Last year public debt increased by 92 billion 551 million euros, representing an increase of 6.3%, but its weight in GDP increased from 114.5% in the second quarter of 2022 to 111.2% between April and June this year fell to . year, given the larger increase in economic activity and following a review of gross domestic product carried out by INE.
As determined by the executive stability program In April, the debt forecast for 2023 was 111.9% of GDP, and 2024 was the year it was predicted to fall below 110% (109.1%). But after the update by INE by the incumbent Government The target of falling below 110 percent has been moved to 2023.
Regarding regional governments, debts Autonomous communities reached 327,346 million in June 2023, or 23.2% of GDP.debts increased by 3.4 percent on an annual basis local companies It amounted to 24,000 million in the second quarter of 2023; This represents 1.7% of GDP and is 0.8% more than the balance recorded a year ago.
Catalonia and Madrid
Catalans They continue to be those carrying the largest volume of debt. Average 10,881.10 Euros per personLast June 31, this represents a 1% increase from the previous quarter. And that the census on July 1 increased compared to April. The total liabilities of the community reached 30 June 86.8 billion euros. From this amount, 84 out of every 100 euros belongs to the state as a creditor (through instruments such as the regional liquidity fund)FLA).
These amounts contradict the following: community of madridThe other major economic pole of the state An average load of around half with an average of 5,440.91 eurosThe total amount was 37.658 million units, with a slight decrease of 0.02% compared to the first quarter. Additionally, as of July 1, the census increased compared to April. In this case of autonomy, there is no debt to the State, as it does not resort to the tools it offers to provide liquidity to the regions.
creditor state
On average it trails Catalonia Valencian CommunityWith 10,860.97 euros per capita, there was an increase of more than 2% compared to the previous quarter. The total debt of this autonomy is 57,246 million, and the creditor of 84% of this is the state. The region with the highest population, Andalusiaset the average public debt per capita at 4,420.47 euros; This is 3.30% more than in the January-March period and the total amount was 38 billion 18 million euros. The creditor of 66.8 percent of this amount is the State.
Debt increased in absolute terms in all autonomous regions compared to the second quarter of last year, except Aragon, the Balearic Islands, Cantabria, Navarra and the Basque Country. In absolute terms, Catalonia (86 billion 800 million euros), Comunitat Valenciana (57 billion 246 million euros), Andalusia (38 billion 18 million euros) and Madrid (37 billion 658 million euros) are at the top of the list.
Below are the communities Castile la Mancha (15.839 million), Castile and Leon (13.506 million), Galicia (12.333 million), Murcia (12.072 million) and Basque Country (10.916 million). At the end of the classification Aragon (9.092 million), Balearic Islands (8.981 million), Canary Islands (7.049 million), Estremadura (5.161 million), asturias (4.376 million), cantabria (3.363 million), Navarre (3.175 million) and rioja (1,760 million).
as a percentage of GDP The Valencian Community is the leader with a debt ratio of 43.5%. These are followed by Catalonia with 32.4 percent, Castile-La Mancha with 32.1 percent and Murcia Region with 32.1 percent. The list includes the Balearic Islands (25.3%), Extremadura (22%), Cantabria (20.8%), Aragon (20.5%), Andalusia (20.2%), Castilla y León (19.9%), It ends with La Rioja (17.5%). ), Galicia (16.7%), Asturias (16%), Canary Islands (14.1%), Community of Madrid (13.7%), Navarra (13.3%) and Basque Country (13%).
According to the size of municipalities, those with a population of more than 300,000 owed 5 billion 141 million euros between April and June; This is 157 million more than in the same quarter of the previous year. Specifically, Madrid remains at the top of the most indebted local companies with a debt of 1 billion 886 million euros, followed by Barcelona with 1 billion 155 million euros and Zaragoza with 616 million euros.