Spanish public deficit stands at 4.62 pct up to November

The Spanish public deficit stood at 4.62 percent of the country's gross domestic product (GDP) at the end of November, the Spanish Ministry of Finance reported on Tuesday.

This figure does take into account the money injected to Spanish banks, otherwise Spanish public deficit would rise to 4.69 percent.

The Spanish government predicted that public deficit would finish the year on 5.15 percent, while Brussels requires a deficit target of 5.8 percent for 2014.

The deficit of Spain's central administration stood at 33.551 billion euros (about 38 billion U.S. dollars) up to November, which meant a 13 percent fall when compared with a year earlier. It represented 3.15 percent of Spain's GDP.

The deficit of Spain's Autonomous Communities stood at 14.632 billion euros, remaining stable in comparison with a year earlier and representing 1.37 percent of the country's GDP, the ministry said.

The deficit of Spain's Social Security stood at 946 million in the first 11 months of 2014, which represented 0.09 percent of the country's GDP.

Meanwhile, the ministry reported that latest data from September 2014 said that local governments registered a 4.734 million euros surplus. (1 euro = 1.13 U.S. dollars) Endit