Bank of Spain publishes monthly advance showing general government debt at 101.2% of GDP in February 2026

The Bank of Spain released its monthly advance statistics on Spanish Public Administrations’ debt under the Excessive Deficit Procedure (EDP), reporting a debt ratio of 101.2% of GDP in February 2026, 1.3 percentage points lower than a year earlier. In nominal terms, the EDP debt stock stood at EUR 1.723 trillion, up 4.7% year on year, with the Bank noting the figures are preliminary and may be revised. By subsector, State debt totalled EUR 1.573 trillion (92.4% of GDP, +5.1% year on year), Autonomous Communities EUR 346 billion (20.3% of GDP, +2.9%), and Local Corporations EUR 21 billion (1.2% of GDP, −9.3%). Social Security debt reached EUR 136 billion (8.0% of GDP, +7.9%), which the release attributes to State loans to the General Treasury of Social Security to finance its budget imbalance; other central government units recorded EUR 34 billion (2.0% of GDP, −6.1%). Consolidation within general government amounted to EUR 386 billion (22.7% of GDP, +3.8%). Compared with December, total general government debt increased by EUR 25.3 billion; by instrument, all categories grew year on year, including long-term securities (+4.6%), loans with maturity over one year (+7.1%) and short-term instruments (+1.5%). The advance EDP debt data for March 2026 is scheduled for publication on 19 May 2026, and the first-quarter 2026 EDP debt release on 16 June 2026.