Spain: public debt hits record 77.4% of GDP

Mostly in central gov't debt; regions stable at 15.9% of GDP

14 December, 13:10

(ANSAmed) - MADRID, DECEMBER 14 - Spanish public debt has hit a record 77.4% of GDP, the Bank of Spain reported Friday.

The central bank attributed the numbers to increased central government debt, which reached 65.9% of GDP in September, up from 64.3% in the previous quarter. The central bank report, released today following European Commission criteria on excessive deficit procedures, shows that third quarter regional debt remained stable at 15.9% of GDP, up from 13.8% in the first quarter. The public welfare system was also stable, at 1.6% of GDP.(ANSAmed).

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