Debt-to-GDP ratio, using nominal GDP for the last four quarters 116.8% in the second quarter of 2022, according to the monetary authority.
last year, hePublic debt rose by 3.6 percent, up another 50,677 million eurosas a result of lower income and higher expenses resulting from the pandemic crisis and more recently the war in Ukraine.
In a statement, the Ministry of Economy emphasized that the debt-to-GDP ratio continued to fall in the second quarter, falling from 117% for the “first time since September 2020”, from 116.8% of GDP until June.
He stated the following in this regard: The decrease in the public debt ratio continued in the second quarter of the year. Considering how well-developed the financing program of the Treasury of the Kingdom of Spain for 2022 is already, thanks to the acceleration of economic growth.
To this day remembered, Implemented 69.2% of the total emissions program for this year and 71.7% of medium and long term issues.
Likewise, he highlighted a “clear slowdown” year-over-year in debt growth from the maximums reached during the pandemic.
For the Ministry of Nadia Calviño, the trend of recent quarters is in line with a public debt ratio estimate of 115.2% of GDP made in the Stabilization Program last April.
monthly raise
The main reason for the monthly debt increase in June was Increasing indebtedness of the state and, to a lesser extent, autonomous communities, municipalities, on the other hand, reduce their debts a little. On his part, the Social Security debt remained more or less stable in the sixth month of the year.
Especially in June state debt of 1.294 billion eurosit is also up 1.44% in just one month, a historic record of 18,433 million euros more, up 4.8% in the last twelve months.
CCAA and municipal debt on the rise
On your own behalf In the sixth month of the year, autonomous communities increased their debt compared to MayUp to 316,647 million euros, approximately 2,972 million euros more and a 1.5% annual recovery.
On its part, Social Security’s indebtedness was flat at 99,185m euros in June, just two million more than in May, but up 8% in the last 12 months and remains at its maximum.
The Bank of Spain explains that the increase in Social Security indebtedness last year was due to State loans to the General Treasury to finance the budget imbalance highlighted as a result of the Covid-19 crisis. Ukrainian war.
Finally, municipalities recorded a debt of 22,848 million euros in June, 0.53% less than the previous month, while recovering by 0.8% last year.