The Bank of Spain released monthly advance data on Spanish public administration debt under the Excessive Deficit Procedure (EDP), showing the debt-to-GDP ratio at 103.4% in June 2025, down 1.9 percentage points from a year earlier. In nominal terms, EDP debt stood at EUR 1.691 trillion, up 4% year on year. By subsector, central government debt totalled EUR 1.534 trillion (93.9% of GDP, +4.5% year on year), other central government units EUR 35 billion (2.1% of GDP, -8.9%), and social security administrations EUR 126 billion (7.7% of GDP, +8.6%, attributed to state loans to finance its budget imbalance). Regional government debt was EUR 343 billion (21% of GDP, +1.5%) and local government debt EUR 23 billion (1.4% of GDP, -0.6%); consolidation within general government amounted to EUR 371 billion (22.7% of GDP, +3.4%). Compared with December, total debt increased by EUR 70 billion, driven mainly by central government (+EUR 61 billion) and regions (+EUR 6.7 billion); long-term debt securities rose 4.6% year on year, while loans with maturity over one year fell 0.5% and short-term instruments increased 3.8%. The advance EDP debt figure for July 2025 is scheduled for publication on 17 September 2025, and the quarterly EDP debt data for the second quarter of 2025 on 30 September 2025.
Bank of Spain 2025-08-18
Bank of Spain publishes monthly advance showing public administration debt at 103.4% of GDP in June 2025
The Bank of Spain reported that Spanish public administration debt under the Excessive Deficit Procedure (EDP) was 103.4% of GDP in June 2025, a decrease of 1.9 percentage points from the previous year. In nominal terms, EDP debt reached EUR 1.691 trillion, marking a 4% year-on-year increase. Central government debt was EUR 1.534 trillion, while regional and local government debts were EUR 343 billion and EUR 23 billion, respectively.