Off the wire
• ARF meeting on anti-terrorism convenes in Nanning  • China Focus: China expands asset securitization to boost real economy  • Urgent: At least 15 stranded as pro-coup soldiers attack Burundi state radio, TV  • Greece not to seek next loan tranche, but deal to make come-back: Greek FinMin  • Interview: Hollande's visit to Cuba opens door to strategic, lucrative Latin American markets: expert  • Top political advisory body holds meeting  • China cuts non-administrative red tape  • FLASH: AT LEAST 15 GET STRANDED INSIDE BURUNDIAN STATE BROADCASTER COMPLEX IN COUP PLOTTERS ATTACK  • 1st Ld: Chinese president meets Indian PM  • Three Israeli teens injured in suspected vehicular attack in West Bank  
You are here: 　 Home

Spain's public debt rises to over 1 trillion euros in March

Xinhua, May 14, 2015 Adjust font size:

Spanish public debt stood at 1.047 trillion euros (1.196 trillion U.S. dollars) in March representing 98.9 percent of the country's gross domestic product (GDP), the Bank of Spain reported on Thursday.

The debt rose by 6.283 billion euros from February to March, while on a year-on-year basis the debt rose by 51.317 billion euros, the bank said.

According to the Spanish government predictions, which were revised in April, Spain's public debt would stand at 98.9 percent of the country's GDP in 2015, a figure that has reached in the first quarter of the year.

In 2016 the debt would fall to 98.5 percent while in 2018 it would fall to 93.2 percent thanks to a better performance of the economy that would involve a rise in domestic demand and an increase in job opportunities, among other improvements. Endit