The Bank of Spain published its monthly advance for October 2025 showing general government debt under the Excessive Deficit Procedure at 101.7% of nominal GDP, 1.5 percentage points lower than a year earlier. In nominal terms, the debt stock rose 4% year on year to EUR 1,693bn. By subsector, State debt stood at EUR 1,542bn, up 4.2% year on year and equivalent to 92.6% of GDP, while autonomous communities’ debt was EUR 339bn, up 1.4% and 20.4% of GDP. Social security debt reached EUR 126bn, up 8.6% and 7.6% of GDP, with the release attributing the increase to State loans to finance its budget imbalance, and local government debt fell 5.4% to EUR 22bn, or 1.3% of GDP. Consolidation across general government was EUR 370bn, up 1.9% and 22.2% of GDP; since December of the previous year, total debt increased by EUR 72.6bn. By instrument, long-term securities and loans with maturity over one year grew 3% and 10.3% year on year, respectively, while short-term instruments rose 8.4%. The Bank of Spain scheduled the next monthly advance for November 2025 for 16 January 2026, and the quarterly EDP debt data for the fourth quarter of 2025 for 31 March 2026.
Bank of Spain 2025-12-18
Bank of Spain data show Spain’s general government debt ratio fell to 101.7% of GDP in October 2025
The Bank of Spain reported that general government debt under the Excessive Deficit Procedure was 101.7% of nominal GDP in October 2025, down 1.5 percentage points from the previous year, with the debt stock rising 4% to EUR 1,693bn. State debt increased to EUR 1,542bn, autonomous communities’ debt to EUR 339bn, and social security debt to EUR 126bn, while local government debt decreased to EUR 22bn. Long-term securities and loans over one year grew by 3% and 10.3% year on year, respectively, with short-term instruments up 8.4%.