Regional News • Europe • Spain
2020-08-19T07:30:01+00:00

Spanish public debt increases by €32,087 million compared to May, reaching €1,289 billion in June

As a consequence of the Covid-19 pandemic the liabilities of Spain have increased by €32,087 million compared to May, reaching €1,289 billion, according to data published this Tuesday by the Bank of Spain.

Adjusting for the last four quarters the liabilities would be around 110% of the gross domestic product, the highest since 1905.

María Jesús Fernández, a senior economist at Funcas says "our GDP forecast for 2020 is 1.13 billion" and that the dept figure for June "is about 114% of the projected GDP".

Pentributor:
Spanish student
Card reviewed by: @christoph