The Bank of Spain released its monthly advance on Spanish general government debt under the Excessive Deficit Procedure (EDP), showing a debt ratio of 100.8% of GDP in December 2025, down 0.9 percentage points from a year earlier. In nominal terms, EDP debt stood at EUR 1.699 trillion, up 4.8% year on year. By subsector, State debt rose 5.1% year on year to EUR 1.549 trillion (91.9% of GDP), while Autonomous Communities’ debt increased 1.8% to EUR 342 billion (20.3% of GDP) and Local Corporations’ debt fell 9.1% to EUR 21 billion (1.2% of GDP). Social Security debt increased 7.9% to EUR 136 billion (8.1% of GDP), with the release attributing the rise to State loans to the General Treasury of Social Security, and other central government units’ debt decreased 6.9% to EUR 34 billion (2.0% of GDP); consolidated intra-government holdings were EUR 383 billion (22.7% of GDP), up 2.4%. By instrument, long-term debt securities and loans with maturity over one year grew 5.1% and 7.6% year on year, respectively, while short-term instruments declined 3.7%. The Bank of Spain noted the monthly figures are based on advance information and may be revised, including due to possible reclassifications. The January 2026 monthly advance is scheduled for 17 March 2026, and the quarterly EDP debt for the fourth quarter of 2025 for 31 March 2026.
Bank of Spain 2026-02-17
Bank of Spain publishes monthly advance showing public sector debt at 100.8% of GDP in December 2025
The Bank of Spain reported a decrease in the Spanish general government debt ratio to 100.8% of GDP in December 2025, down 0.9 percentage points from the previous year, with nominal EDP debt rising 4.8% to EUR 1.699 trillion. State debt increased by 5.1% to EUR 1.549 trillion, while Social Security debt rose 7.9% to EUR 136 billion, attributed to State loans to the General Treasury of Social Security. Figures are preliminary and subject to revision.