The Bank of Spain has published monthly advance data showing that Spanish general government debt, measured under the Excessive Deficit Procedure, stood at 101.6% of gross domestic product in March 2026. That was 1.7 percentage points lower than a year earlier. In nominal terms, the debt stock reached EUR 1.740 trillion, up 4.3% year on year. By subsector, state debt rose 4.7% from a year earlier to EUR 1.590 trillion, or 92.9% of GDP. Regional government debt increased 2.6% to EUR 347 billion, or 20.3% of GDP, while local government debt fell 9.3% to EUR 21 billion, or 1.2% of GDP. Social Security debt reached EUR 136 billion, or 8% of GDP, up 7.9%, which the release links to state loans to the General Treasury of Social Security to finance its budget imbalance. The consolidated debt held across public sector subsectors was EUR 387 billion, equal to 22.6% of GDP. Compared with December 2025, total public debt increased by EUR 41.5 billion, mainly reflecting a EUR 40.6 billion rise in state debt. The Bank of Spain said the advance monthly data for April 2026 will be published on 19 June 2026, while first quarter 2026 quarterly public debt data will be released on 16 June 2026.
Bank of Spain2026-05-19
Bank of Spain reports general government debt at 101.6% of GDP in March 2026
The Bank of Spain reported that Spanish general government debt under the Excessive Deficit Procedure stood at 101.6% of gross domestic product in March 2026, 1.7 percentage points lower than a year earlier, with the nominal stock rising 4.3% year on year to EUR 1.740 trillion. State debt reached EUR 1.590 trillion (92.9% of GDP), regional government debt EUR 347 billion (20.3% of GDP), local government debt fell to EUR 21 billion (1.2% of GDP), and Social Security debt rose to EUR 136 billion (8% of GDP), partly due to state loans.