The Bank of Spain published its monthly advance estimates of Spain’s public administrations debt under the Excessive Deficit Procedure (EDP), showing the debt-to-GDP ratio at 102.7% in April 2025. This was 2.5 percentage points lower than a year earlier and 21.4 percentage points below the peak recorded in March 2021. In nominal terms, EDP debt stood at EUR 1,663bn, up 3.5% year on year. By subsector, State debt totalled EUR 1,514bn (93.5% of GDP, +4.3% year on year), other central government units EUR 36bn (2.2% of GDP, -8.4%), and Social Security EUR 126bn (7.8% of GDP, +8.6%), with the increase linked to State loans to the General Treasury of Social Security to fund its budget imbalance. Territorial government debt comprised EUR 338bn for autonomous communities (20.9% of GDP, +2.8%) and EUR 23bn for local corporations (1.4% of GDP, -1.1%); intra-general government consolidation rose to EUR 374bn (23.1% of GDP, +6.1%). The advance EDP debt figure for May 2025 is scheduled for publication on 17 July 2025, while second-quarter 2025 EDP debt data are due on 30 September 2025.
Bank of Spain 2025-06-20
Bank of Spain reports Spain’s public administrations debt ratio fell to 102.7% of GDP in April 2025
The Bank of Spain reported Spain's public administrations debt under the Excessive Deficit Procedure at 102.7% of GDP in April 2025, down 2.5 percentage points from the previous year. Nominal EDP debt reached EUR 1,663bn, a 3.5% increase year on year, with State debt at EUR 1,514bn and Social Security debt at EUR 126bn. Territorial government debt included EUR 338bn for autonomous communities and EUR 23bn for local corporations.