Off the wire
• Moody's gives positive outlook to Ghana's economy  • 92 percent of people live in places with unhealthy air, UN agency says  • World Bank forecasts BiH economy to grow 2.8 pct in 2016  • Sierra Leone engages civil society to fight corruption  • (Special for CAFS) Ghana's electoral commission refuses to cut filing fees  • Rwanda, UK launch project to improve agriculture production  • Belarus to open consulate general in China's Guangzhou  • Feature: Turkish engineers make Transformer real  • Russia unveils Syria truce deal with U.S.  • UN agency finds 250,000 people in Syria's Aleppo with no safe drinking water  
You are here: 　 Home

Spain's public deficit stands at 3.27 pct of GDP up to July

Xinhua, September 28, 2016 Adjust font size:

Spain's public deficit stood at 36.443 billion euros (40.897 billion U.S. dollars), 3.27 percent of the country's gross domestic product (GDP) up to July excluding local governments, the Ministry of Finance reported on Tuesday.

The figure includes financial aid to the banks that amounted to 1.959 billion euros. Excluding this figure, the country's public deficit stood at 3.09 percent of GDP.

The deficit of the central state represented 2.66 percent of Spain's GDP up to July reaching 29.652 billion euros while the deficit of regional governments (Autonomous Communities) stood at 830 million euros in the first seven months of the year, representing 0.07 percent of GDP.

Meanwhile, the deficit of the Social Security system stood at 5.683 billion euros up to July, representing 0.53 percent of GDP.

The Ministry added the deficit of the central state had reached 31.091 billion euros in the first eight months of the year, which represented 2.79 percent of GDP and meant a 16.1 percent rise when compared with the same period in 2015.

The Spanish government plans to end 2016 with a public deficit of 4.6 percent as opposed to the 5.1 percent of 2015. (1 euro=1.12 U.S. dollar) Endit