The debt of all public services of the Spanish state closed last year at 1,574 billion euros, which represents an increase of 4.7% compared to the previous year, but almost four percentage points less than the rate registered at the end of 2022 (111.6 % ).
The debts of all public services of the Spanish state will be closed in 2023 1,574 billion euroswhich means an increase of 4.7% compared to the previous yearbut falls to 107.7% of GDP, almost four percentage points less than the rate registered at the end of 2022 (111.6%), according to data confirmed on Wednesday by the Bank of Spain.
although decreases as a percentage of GDPThe national debt increased by 70.955 million euros last year to more than 1.574 trillion euros, close to the historical maximum of the third quarter of 2023 (1.577 trillion).
The Central administration accumulates most of the debt. For example, central government debt rose to 1,434 billion euros in the fourth quarter, 5.5% more than a year ago, equivalent to 98.1% of GDP, compared to 100.9% the year before.
Concerning the autonomous communitiesthe Valencian Community, with a debt of 42.2%, remains the leader among the regions with the highest debt in relation to its wealth, followed by Castilla-La Mancha (31.9%), the Murcia region (31.2% ) and Catalonia, with 31%. On the contrary: Navarre has the least debt in relation to their GDP (12%); Canary Islands (12.2%); Basque Autonomous Community (12.4%) and the Community of Madrid (12.6%).
Source: EITB
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